69. Deputy Sean Fleming asked the Minister for Finance the current situation regarding capital gains tax; if individuals who sell some land and use the proceeds to buy other land, which they are not directly involved in farming themselves, are subject to capital gains tax; if any roll-over relief is allowed in this situation; if the deductions can be made from the sale price to calculate the capital gains tax and if the original sale price and improvement works carried out on these lands may be deducted as a cost in arriving at the gain; and if he will make a statement on the matter. [18967/14]

Summary

69. Deputy Sean Fleming asked the Minister for Finance the current situation regarding capital gains tax; if individuals who sell some land and use the proceeds to buy other land, which they are not directly involved in farming themselves, are subject to capital gains tax; if any roll-over relief is allowed in this situation; if the deductions can be made from the sale price to calculate the capital gains tax and if the original sale price and improvement works carried out on these lands may be deducted as a cost in arriving at the gain; and if he will make a statement on the matter. [18967/14]

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• Tax Code

  xml · EN · 30 April 2014

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