Written Answers. - Tax Liability.

Tuesday, 13 October 1998

Dáil Éireann Debate
Vol. 495 No. 1

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  234.  Mr. Ring  Information on Michael Ring  Zoom on Michael Ring   asked the Minister for Finance  Information on Charlie McCreevy  Zoom on Charlie McCreevy   if the Revenue Commissioners will assess REP scheme payments to farmers as having no tax liability attached in view of the fact it is a grant payment rather than income. [19624/98]

Minister for Finance (Mr. McCreevy): Information on Charlie McCreevy  Zoom on Charlie McCreevy  REPS payments compensate a farmer for the loss of output and related income which arises because the farmer now farms in a more environmentally friendly way. They are thus a substitute for the income he would have got if he continued to farm more intensively. REPS payments are accordingly taxable as income and I have no plans to change the present position.

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