Skip to main content
Normal View

Tax Reliefs

Dáil Éireann Debate, Tuesday - 5 October 2021

Tuesday, 5 October 2021

Questions (195, 204)

Matt Carthy

Question:

195. Deputy Matt Carthy asked the Minister for Finance the number of persons that availed of enhanced stock relief for farm partnerships in each of the years 2016 to 2020 and to date in 2021; the amount availed of in €1,000 bands; the amount these farm partnerships paid in excess of €15,000 in €1,000 bands; and if he will make a statement on the matter. [48079/21]

View answer

Matt Carthy

Question:

204. Deputy Matt Carthy asked the Minister for Finance if he has considered extending enhanced stock relief for farm partnerships; and if he will make a statement on the matter. [48089/21]

View answer

Written answers

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.

Top
Share