asked the Minister for Finance the number of farmers under £60 PLV who are liable to income tax between £40-£50 and £50-£60 PLV; the number who paid tax since they were brought into the tax net; and the amount paid by them.
Written Answers. - Poor Law Valuation.
683.
It is estimated that there are some 16,000 full-time farmers with rateable valuations between £40 PLV and £60 PLV who are, therefore, chargeable to income tax in respect of their farming profits. Of this total some 6,500 are in the valuation range £50-£60 PLV with the balance of 9,500 in the valuation range £40-£50 PLV.
Income tax on farming profits is collected with schedule D tax generally and it is not possible to isolate the contribution of farmers within given valuation ranges.