Dáil Éireann Debate, Wednesday - 22 January 2025
1076. Deputy Carol Nolan asked the Minister for Agriculture, Food and the Marine if a compensation payment made under the climate action performance payment, CAPP, scheme is subject to taxation; if representations have been made to him by forestry or farming organisations regarding exempting the compensation from taxation; and if he will make a statement on the matter. [46340/24]
View answerThe Climate Action Performance Payment (CAPP) of €5,000 per hectare, is available to current owners of grant-aided ash forests whose sites have been cleared and replanted with an alternative species through either one of the preceding Ash Dieback Reconstitution Schemes or the current Reconstitution Ash Dieback Scheme 2023 to 2027.
The Climate Action Performance Payment is therefore exempted from income tax by virtue of section 232(2) of the Taxes Consolidation Act (TCA) but may be subject to USC & PRSI.
