Farm Management: Taxation

Taxation has an impact on the business and personal lives of most farm business owners. In this section we look at how tax can feature in many of the areas of the business from farm profit generation to on farm investment and farm transfer. The purpose of the information provided here is to equip you with some basic background knowledge on the main areas of farm taxation. Having an understanding of the basics on tax should assist you in getting better value from your next meeting with your accountant or tax adviser.

Most Recent Budget Information

• Finance Act 2017 Summary - containing information on Budget 2018 changes (PDF)
• Link to Revenue Budget Information

Previous Budget Summaries

• Budget 2017 Summary (PDF)
• Budget 2016 update for FB2015 (PDF)
• Finance Act 2014 Agri Measures Summary (PDF)
• Budget 2014 Summary (PDF)
• Budget 2012 Teagasc summary (PDF)
• Budget 2011 Teagasc Summary (PDF)
• Budget Changes Tax Tips 2010 (PDF)
• Commission on Taxation Report summary (PDF)

Stamp Duty

• Relief on Transfers of Land to Young Trained Farmers

Capital Gains Tax Relief

• Guidelines for CGT relief for Farm Restructuring (PDF)
• DAFM press release on farm restructuring
• Those interested in getting more information on this relief should contact their accountant or their local Teagasc office

General Tax Information

• Farming Through a Company – Key Issues - Update January 2018 (PDF)
• Agri-Taxation Review
• VAT and the SFP - Revenue Summary (PDF)
• Summary notes on VAT