Dáil Éireann Debate, Tuesday - 24 October 2017
287. Deputy Niamh Smyth asked the Minister for Agriculture, Food and the Marine if he will address a matter (details supplied) regarding stamp duty on farmland; and if he will make a statement on the matter. [44623/17]
View answerFollowing detailed engagement between our two Departments, I was pleased that Minister Donohoe announced key measures in the Finance Bill in relation to stamp duty on agricultural land transactions: the extension for three years of “Consanguinity Relief” for inter-family farm transactions, the retention of the 1% rate and the removal of the upper age limit of 67 for the transferor. Coupled with the existing “Stamp Duty Relief for Young Trained Farmers”, which is a complete relief from stamp duty, it means that lifetime transfers of land within families, whether by gift or sale, are strongly protected.
