Dáil Éireann Debate, Tuesday - 5 October 2021
186. Deputy Matt Carthy asked the Minister for Finance the estimated cost of including agricultural land which is subject to compulsory purchase order in capital gains tax entrepreneurial relief; and if he will make a statement on the matter. [48067/21]
Amharc ar fhreagraI am informed by Revenue that statistical information in respect of entrepreneurial relief is available on the Revenue website at www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/entrepreneur-relief-statistics.pdf. This includes the share of relieved disposal consideration related to agricultural land or buildings.
The cost of extending this relief to agricultural land disposals that are made on foot of compulsory purchase orders and do not currently qualify for entrepreneurial relief, is tentatively estimated to be in the region of €0.2m. This is based on CGT returns for the year 2018, the latest year available. This estimate is highly tentative as patterns of agricultural land disposal are not consistent from year to year.
