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

• Budget 2021 and Finance Bill 2020 Summary (PDF)
• Link to Revenue Budget Information

Previous Budget Summaries

• Budget 2020 summary (PDF)
• Budget 2019 and Finance Bill 2018 Summary (PDF)
• Budget 2018 and Finance Act 2017 Summary (PDF)
• Budget 2017 Summary and Budget 2018 and Finance Act 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)

Income Tax

• Paying Wages to Family Members (PDF)
• Averaging of Farm Profits (PDF)
• Basic Payment Scheme - Taxation (PDF)
• Stock Relief for Young Trained Farmers (PDF)

Stamp Duty 

• Revenue Information on Stamp Duty Reliefs for Farmers 
• Stamp Duty Relief for Young Trained Farmers (Updated July 2019) 

Capital Gains Tax Relief

• Capital Gains Tax: Retirement Relief
• Capital Gains Tax: Restructuring Relief

Capital Acquisitions Tax

• Agricultural Relief

General Tax Information

• Guidelines for Long-term Land Leasing
• Farming Through a Company – Key Issues - Update January 2018 (PDF)