Dáil Éireann Debate, Wednesday - 29 June 2022
27. Deputy Matt Carthy asked the Minister for Finance further to Parliamentary Questions Nos. 370 and 371 of 14 June 2022, the total value of income deferred in relation to the 90 taxpayer units that declared exempt income from the leasing of agricultural land and also claimed consanguinity relief during 2019; if he intends to repeat the 2019 analysis on the basis of any other year; and if he will make a statement on the matter. [34733/22]
Amharc ar fhreagraI am advised by Revenue that the amount of income from the leasing of farmland that was exempted from taxation in 2019 under Section 664 of the Taxes Consolidation Act 1997, by taxpayers who also claimed consanguinity relief in the same year, was €0.9m. Based on the available data, it is not possible to determine if these claims relate to the same land.
I am further advised that analysis of income tax returns by Revenue in relation to 2020 is ongoing.
