Wednesday, 26 March 2014

Questions (160)

Dara Calleary


160. Deputy Dara Calleary asked the Minister for Agriculture, Food and the Marine the progress to deal with the CGT tax liability on farmers with leased-out entitlements, who are forced to sell their entitlement to get some value for them; the talks he has had with the Department of Finance on the issue; and if he will make a statement on the matter. [14311/14]

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Written answers (Question to Agriculture)

Officials from my Department have had discussions with the Department for Finance regarding the tax implications of the transfer of leased-out entitlements. It has been confirmed that, in accordance with tax law, this will give rise to a tax liability. I have written to the Minister of Finance outlining the situation and asking him to consider whether there are any options in this regard.