Dáil Éireann Debate, Wednesday - 18 February 2015
93. Deputy Regina Doherty asked the Minister for Agriculture, Food and the Marine to set down the taxation position with regard to milk quota purchased but not depreciated when they will be abolished later this year. [7267/15]
View answerTaxation policy is primarily the responsibility of the Minister for Finance. However I have on-going contact with the Minister to ensure that taxation policy reflects the Government's commitment to agriculture, as evidenced by our cooperation on the recently published 'Agri-taxation Review'.
On this specific question, the Minister informs me that he has been advised by the Revenue Commissioners that where a person has unused qualifying expenditure relating to a milk quota for which a writing down allowance has not been claimed, that person may be entitled to claim a balancing allowance for that expenditure. I am also advised that the abolition of quotas will not have any other tax implications.
