I will raise the issue of succession plans for family businesses. The Finance Act 2023 made changes to capital gains tax for small indigenous businesses with assets valued at more than €10 million. I have been contacted by many businesspeople in my constituency who run generational businesses. If these measures are brought in, businesses will either regress or be sold off to multinationals because the owners' children will not be able to come up with the capital gains tax that is required. In a country that relies so much on indigenous family businesses, it is important that this element of the Finance Act 2023 be looked at in detail in the context of the upcoming budget so that we do not put a burden on business and employment in towns, villages and rural areas across the country.

I thank Deputy Canney for raising this important matter, which is obviously a cause of concern for small businesses. I will ask the Minister for Finance to take a look at the issue and to revert to the Deputy directly. In the summer economic statement published today, we have indicated that approximately €1.4 billion will be available for new tax measures in the forthcoming budget. We will look at the matter in that context.