The Cabinet has agreed to lift the age limit for farmers to be eligible for the 1% rate of stamp duty on the transfer of land between family members.

Following the Budget, farmers over 67 years of age were liable for the new 6% stamp duty rate on commerical property transactions.

There had been criticism of the rise in stamp duty on commercial property transactions from 2 to 6% in the Budget, which includes farm land.

Under current rules, farmers up to 67 years old can pass on their land to family members at 1%.

However, at a special Cabinet meeting this morning to discuss the Finance Bill, it was decided to remove the age limit for a period of time to facilitate inter-family transfers.

The decision will be reviewed at the end of 2020.

The Finance Bill is due to be published tomorrow and debated in the Dáil next week. 

Separately, the Judicial Appointments Commission bill was discussed by the justice committee today.

It provides for a new body, made up of a lay majority and chairperson, to make recommendations on judicial appointments.

It is understood that as many as 200 amendments have been tabled to the bill, which could delay its passage through the Oireachtas.

The bill is opposed by senior members of the judiciary and Fianna Fáil.