Matt Carthy
Ceist:181. Deputy Matt Carthy asked the Minister for Finance if he plans to extend stock relief on replacement livestock in 2022; and if he will make a statement on the matter. [48061/21]
Amharc ar fhreagraTuesday, 5 October 2021
Ceisteanna (181)
Freagraí scríofa
Section 668 of the Taxes Consolidation Act 1997 provides for a special application of general stock relief for farmers in respect of profits accruing as a result of the disposal of stock under statutory disease eradication measures. The special tax treatment operates in accordance with section 666 (general stock relief) but applies 100% (instead of 25%) relief in these specific circumstances.
Section 666 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.
Question No. 182 answered with Question No. 175.
Question No. 183 answered with Question No. 175.