27 September 2022

Transferring the Family Farm Clinics

To help you prepare for succession planning Teagasc is hosting six clinics across the country. These clinics are designed to help farm families through the process of and all aspects that need to be considered when transferring the family farm.

Succession planning can seem to be a very complex task but it doesn’t have to be with early planning. Every family has a different set of circumstances, but it is always better to have a plan in place. The worst case scenario is where the farm transfer is unplanned as a result of illness or the death of the owner, leading to tax and legal complications. Many farmers say they will never retire, however you do not have to be retired to have a succession plan in place and there are many decent tax reliefs and benefits to encourage you to prepare a plan in good time.

Transferring the family farm is so much more than just a simple business transaction; there are a number of complex issues to be addressed including:

The family home is normally inseparable from the business.
A number of family members/ siblings/ children to be catered for fairly
If the transfer is during the owner’s lifetime, the owner will require an income, as well as possibly the recipient depending on the circumstances.
Creating an arrangement that can provide a solution for the different opinions of the family members involved the discussion

Click on the links below for further information

Find all our advice and guidance on Succession & Inheritance here

Transferring the Family Farm Clinics 2022

To help you prepare Teagasc is hosting six clinics across the country. You can register for your closest event at the links below.

These clinics are designed to help farm families through the process of and all aspects that need to be considered when transferring the family farm.

_______________________________________________________________________________________________

Donegal

Tuesday, 4 October | 10.30am - 1pm

Radisson Blu Hotel, Paddy Harte Road, Letterkenny, Co. Donegal. Eircode: F92 FK15

_____________________________________________________________________________________

Mayo

Wednesday, 5 October | 10.30am - 1pm

McWilliam Park Hotel, Kilcolman Road, Boherduff, Claremorris, Mayo, F12 D1W3

_____________________________________________________________________________________

Westmeath

Thursday, 6 October | 10.30am - 1pm

Mullingar Park Hotel, Dublin Road, Mullingar, Westmeath, N91 A4EP

_____________________________________________________________________________________

Tipperary

Tuesday, 11 October | 10.30am - 1pm

Abbey Court Hotel, Nenagh, Tipperary, E45 KA99

_____________________________________________________________________________________

Cork

Wednesday, 12 October | 10.30am - 1pm

Charleville Park Hotel, Charleville, Cork, P56 V268

_____________________________________________________________________________________

Wexford

Thursday, 13 October | 10.30am - 1pm

Amber Springs Hotel, Gorey, Wexford, Y25 FY07