Planning for farm succession: Tax implications of farm transfers

For the second of the four-part series on farm succession, James McDonnell, a Farm Management Specialist with Teagasc re-joins Michael Hennessy to take a closer look at the various tax implications when planning for the farm transfer.

James talks about the tax exposure where the succession is not well planned and how to all but eliminate this cost.

Listen in below:

In part one, available to listen to below, how families can best plan for succession on the farm was explored.

Produced on behalf of Teagasc by LastCastMedia.com, more episodes and information from the Tillage Edge podcast is available here.