I propose to take Questions Nos. 40 and 56 together.
Consanguinity relief is the relief that applies in relation to transfers of farmland between certain blood relatives whereby the applicable rate of stamp duty is reduced from 7.5% to 1%. The details and conditions of the relief are set out in Schedule 1(5) of the Stamp Duties Consolidation Act 1999. The relief is due to expire on 31 December 2020.
My Department is currently carrying out an ex-post evaluation of the relief which will examine the case for any amendment or extension of the relief beyond its current expiry date. In this regard, my officials have been in contact with the IFA, the ICMSA and Macra na Feirme, as well as with their colleagues in the Department of Agriculture, Food and the Marine and Revenue in order to gather views and opinions which will help inform the evaluation of the relief. The findings of this evaluation will feed into the decision-making process in the run up to Budget 2021 and Finance Bill 2020.
The Deputy will appreciate that it would not be appropriate for me to comment at this time, on what changes, if any, are being considered in this relief or any other tax relief.