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Tax Reliefs

Dáil Éireann Debate, Tuesday - 5 October 2021

Tuesday, 5 October 2021

Questions (188, 203, 205, 206, 209)

Matt Carthy

Question:

188. Deputy Matt Carthy asked the Minister for Finance the number of granted applications for agricultural relief in each of the years 2016 to date; the number of joint applications; the number of single applications; the number of sole female applications; the amount of relief provided in bands; and if he will make a statement on the matter. [48069/21]

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Matt Carthy

Question:

203. Deputy Matt Carthy asked the Minister for Finance the amount of relief claimed via young, trained farmer stamp duty relief; the number of those availing of the relief in each of the years 2016 to 2020 and to date in 2021; and if he will make a statement on the matter. [48088/21]

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Matt Carthy

Question:

205. Deputy Matt Carthy asked the Minister for Finance the amount raised in stamp duty on agricultural land for each of the years 2016 to 2020 and to date in 2021; the applicable rate for each year in tabular form; and if he will make a statement on the matter. [48090/21]

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Matt Carthy

Question:

206. Deputy Matt Carthy asked the Minister for Finance the amount raised in stamp duty in excess of that raised on the first million euros for each of the years 2016 to 2020 and to date in 2021, in tabular form; and if he will make a statement on the matter. [48091/21]

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Matt Carthy

Question:

209. Deputy Matt Carthy asked the Minister for Finance the amount raised in stamp duty on agricultural land by persons aged 35 to 40, 41 to 45, 46 to 50 and 50+ for each of the years 2016 to 2020 and to date in 2021, in tabular form; and if he will make a statement on the matter. [48094/21]

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Written answers

I propose to take Questions Nos. 188, 203, 205, 206 and 209 together.

Regarding Question 48069-21, it is assumed the Deputy is referring to Agricultural Relief claimed in respect of Capital Acquisitions Tax. Information in respect of the number of individuals availing of this relief for all available years is shown at www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx. A breakdown of the income tax assessment status or gender of the claimants is not available as this information is not captured in the relevant tax returns.

In respect of PQ 48088/21, I am advised by Revenue that the numbers availing of the young trained farmer Stamp Duty relief and the Exchequer cost for all available years are published on the Revenue website at:

www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx

The information for 2021 will be published during 2022.

Regarding Questions 48090/21 and 48094-21, I am advised by Revenue that the amount of Stamp Duty paid in respect of transfers of agricultural land, for the years 2016 to 2020 and to the end of August 2021, is shown in the table below. It is not possible to provide a breakdown of receipts by the age of the taxpayers as this information is not captured within the Stamp Duty return.

Year

€m

Non-Residential Rate

2016

22.4

2%

2017

23.9

2%*

2018

48.5

6%

2019

56.9

6%**

2020

66.1

7.5%

2021***

43.7

7.5%

*6% from 11 October 2017

**7.5% from 09 October 2019

Regarding Question 48091-21, the 2% rate of Stamp Duty on amounts in excess of that raised on the first million euro applies to transfers of residential property only. The amounts raised by the application of the 2% rate (on residential property), for the years 2016 to 2020, and to the end of August 2021, are set out in the table below.

Year

Stamp Duty, excess more than 1 million €m

2016

185.7

2017

117.7

2018

328.1

2019

375.8

2020

301.1

2021 (to end August)

225.3

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