Skip to main content
Normal View

Tax Reliefs

Dáil Éireann Debate, Tuesday - 21 September 2021

Tuesday, 21 September 2021

Questions (202, 203)

Carol Nolan

Question:

202. Deputy Carol Nolan asked the Minister for Finance if he will consider introducing measures that provide for the introduction of a new stock relief measure in which farmers would be allowed 100% stock relief on additional expenditure of up to €100,000; and if he will make a statement on the matter. [45012/21]

View answer

Carol Nolan

Question:

203. Deputy Carol Nolan asked the Minister for Finance if he will introduce measures enabling farmers to be allowed to write-off capital expenditure on farm buildings and plant and machinery over a period of between three and eight years with a floating allowance of up to 50% allowable in any one year to promote farm investment; and if he will make a statement on the matter. [45013/21]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 202 and 203 together.

When considering the introduction or extension of any tax relief, I must be mindful of the public finances and the many demands on the Exchequer. Tax reliefs, no matter how worthwhile in themselves, lead to a narrowing of the tax base. Under my Department's Tax Expenditure Guidelines, the introduction of new tax incentive measures, or the continuation of measures which are due to terminate, should only be considered in circumstances where there is a demonstrable market failure and where a tax based incentive is more efficient than a direct expenditure intervention.

However, the issues raised in the Deputy's questions are matters that would fall to be considered in the context of the Budget and Finance Bill process, and, as she will appreciate, with three weeks to go to Budget day, it would not be appropriate for me to comment on them at this time.

Question No. 203 answered with Question No. 202.
Top
Share