Agri-Business
Budget 2026 has seen the extension of the slurry storage capital allowance as well as key tax reliefs for farmers.
The ICSA is urging the Minister for Finance, Paschal Donohoe to retain key tax relief for farmers ahead of Budget 2026.
Budget 2025 is approaching, with the government set to unveil its spending and finance plans for next year on October 1.
Rural Life
Thousands of landowners have benefitted from millions of euro in long-term leasing income tax relief according to the government.
Commenting on Budget 2024 today, ICMSA president Pat McCormack said the government 'completely failed' to recognise farming income pressures
Key tax reliefs for farmers have been extended, and their overall value increased, in the announcement of Budget 2024 today.
The agriculture sector "benefits from a comprehensive and generous range of tax reliefs", according to the Tax Strategy Group.
The Tax Strategy Group has outlined potential new rates of agricultural and business relief under the Capital Acquisitions Tax (CAT).
The Fine Gael National Agricultural, Food and Rural Development Forum, (NAFRD) is set to host another regional conference next week.
Agri Politics
NAFRD have told Fine Gael that tax relief and farm succession should be given consideration ahead of Budget 2024.
Six agri-tax reliefs have been extended until 2024 and 2025, following the passing of the EU...
Macra na Feirme has said the government’s commitment to the extension of various young farmer tax reliefs to assist...
Two major farmer stamp duty reliefs are due to end this year, with the government set to decide their faith by this year's budget.
Environment
Farmers will be disappointed that a VAT exemption on low emission slurry spreading equipment will not be introduced, TD Carol Nolan has said.
The renewal of consanguinity relief and consolidation relief under the stamp duty code in the Finance Bill 2020 has been welcomed.
A cap on tax relief for young farmers would "send out the opposite message" on generation renewal, according to the Macra president.
A €70,000 cap on tax relief for young farmers could discourage young people from continuing with farming, according to Jackie Cahill.
A budget proposal on the exception of stamp duty for those undertaking long term leases announced by Minister for Finance Michael Noonan last autumn remains unapproved by the EU Commission.
Agriculture must not be left behind as the recovery now impacting on Ireland’s economy as a whole gains momentum, according to IFA President Eddie Downey.
Retirement relief is available to farmers who took part in the EU Retirement Scheme and in certain circumstances where the farm was let.
What are the tax implications if a farmer dies and leaves a farm worth €750,000 to your son or daughter?
Farmers with off-farm employment will qualify for vital tax reliefs if they spend 20 hours a week working on their farm according to a recent clarification by the Minister for Finance Michael Noonan.
