Dáil Éireann Debate, Wednesday - 10 October 2018
52. Deputy Carol Nolan asked the Minister for Finance if provision will be made in budget 2019 to decouple agricultural property from commercial property; and his plans to make provision for stamp duty rates in line with the current residential rates of 1% and 2%. [41425/18]
Amharc ar fhreagraIn Budget 2019, I have made no provision for changing the category for agricultural property.
Farming is first and foremost a business, and indeed section 655 of the Taxes Consolidation Act 1997 states "For the purposes of the Tax Acts, farming shall be treated as the carrying on of a trade or, as the case may be, of part of a trade, and the profits or gains of farming shall be charged to tax under Case I of Schedule D."
I have no plans for amending this status.
