Rural Life
The Department of Finance will consider the report of the Commission on Generational Renewal before deciding on CAT relief.
The Minister for Finance has highlighted how Ireland is implementing recommendations from a report about retirement relief for farmers.
Agri-Business
With changes to the agricultural relief taking effect from 2025, Agriland has spoken to Alison McHugh about what this will mean for farmers.
Budget 2025 has seen the confirmation of an increased threshold for liability under the Capital Acquisitions Tax (CAT).
Budget 2025 is set to see an increase in the higher threshold for CAT in a move that would ease the inheritance tax burden for some.
Agri Politics
Any proposed inheritance tax reforms in Budget 2025 must distinguish between farm succession and "high net worth investors", the ICMSA said.
The Tax Strategy Group has outlined potential new rates of agricultural and business relief under the Capital Acquisitions Tax (CAT).
The Oireachtas committee that oversees the national budget has been told of the impact that any changes to CAT relief would have farmers.
The classification of land leased for solar panels as qualifying property for CAT agri-relief is an important element, the minister said.
