Govt publishes Finance Bill 2002

The Government has decided to ease capital gains tax for some farmers whose land is affected by compulsory purchase orders (CPOs).

The measure is contained in this year’s Finance Bill, published today.

The concession to farmers follows a lengthy and bitter row over compensation offered for CPOs presented under the National Development Plan for the construction of new roads.

The Finance Bill 2002 also gives the Revenue Commissioners extra powers to probe the public’s bank accounts in search of undeclared income.