Vol. 553 No. 3
60 Mr. Penrose asked the Minister for Finance the reason a person (details supplied) in County Westmeath is not permitted to avail of the tax relief on ?4,000 of leasing income; and if he will make a statement on the matter. [14091/02]
I am informed by the Revenue Commissioners that it is necessary to formally include a claim for tax relief on the leasing of farm land when an individual is completing their annual income tax return. The inspector of taxes has confirmed that no such claim for relief was submitted by the taxpayer with his 2000-01 tax return. Therefore, the relevant rental profit income was assessed as income tax in that year.
The inspector will communicate with the individual and seek details of the various parcels of lands he has leased in order to establish the amount of relief he may be entitled to under section 664 of the Taxes Consolidation Act, 1997.
