The Irish Farmers Association (IFA) announced this week that a long-running dispute with the National Roads Authority could be drawing to a close following a pre-budget meeting with the Irish Finance Minister, Charlie Mc Creevy.
Major road development was being held up in Ireland by discussion over the taxation of payments for compulsory acquisitions of land, but according to the IFA president, Tom Parlon, this stumbling block has now been negotiated.
'The Minister told us that compensation could be invested in any business or trade without [Capital Gains Tax] liability, and this was news to us because we had been seeking to have this introduced so farmers who were considering leaving farming could invest in other businesses,' he revealed.
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