I propose to take Questions Nos. 195 and 204 together.
I am advised by Revenue that data in relation to enhanced stock relief for registered farm partnerships are available on the Revenue website at
www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf.
The following table contains details on the tax years 2016 up to 2018, the latest year for which returns are currently available.
-
|
2018
|
2017
|
2016
|
No. of participants
|
210
|
370
|
360
|
Cost (€m)
|
0.3
|
0.6
|
0.5
|
I am further advised by Revenue that due to the small numbers of taxpayers involved and the obligation to protect taxpayer confidentiality, it is not possible for Revenue to provide the detailed breakdown by amount as requested by the Deputy.
This measure is due to sunset on 31 December 2021. As the Deputy will appreciate, matters concerning the introduction of new reliefs and the extension of existing reliefs fall to be considered by me in the context of the annual Budget and the subsequent Finance Bill. That process is underway.