Fair deal farm and business relief
Deputy Neville sought an update on extending the fair deal three-year cap for family farms and businesses. Minister of State Daly said legal advice was still awaited but the Bill should progress once technical issues were resolved.
In July 2018 it was announced that the Cabinet had approved a proposal to change the treatment of farms and businesses under the fair deal scheme. The proposal was to extend the three-year cap for farms and businesses where a family successor continued to operate the farm or business for six years. Will the Tánaiste provide an update on this proposal and indicate when it will be implemented?
Comment on this
I thank the Deputy for the question. We are awaiting final legal advice on the matter. There has been a delay in receiving it, as experienced in most Departments, because Brexit has been given priority, but I hope the delays will ease soon. Some minor technicalities must be teased out, but I am hopeful that, once we receive a response on them, we can have the heads of the Bill published quickly and presented to the Government. I met representatives of the IFA yesterday to discuss the matter and thanked the association for its continued support in this endeavour.