CPO Tax Relief

Farmers eligible for easement of Capital Gains tax.

Sligo News File

Land purchased under a Compulsory Purchase Order qualifies for the Capital Gains Tax reliefs announced in Budget 2016.

Tony McLoughlin, T.D., Sligo - Leitrim
Tony McLoughlin, T.D.,
Sligo – Leitrim

TD Tony McLoughlin said Finance Minister Noonan confirmed 1 January as the date from which the arrangement will kick in.

The Fine Gael Deputy added that the measure would enable those farming along the new N4 Collooney to Castlebaldwin route to buy replacement land.

Responding to a parliamentary question McLoughlin raised about back up garda resources for Operation Thor, Fitzgerald, the Justice Minister said the detailed allocation of resources is the responsibility of the garda commissioner and her management team.

She listed the activities engaged in under the Thor operation, stating that “it is not possible to detail the additional resources that will be made available to any one county.”