The EU in Nov 2016 approved the new Farm Partnership Scheme that was announced by the Minister for Agriculture, Food and the Marine.
As and from 1St June 2017 the register is open and available for applications.
It is estimated that there are approximately 139,600 family farms in Ireland and family farming has been central to our economy for generations.
Commenting on the announcement, …
Revenue have announced a change as to how CPOs can potentially be treated. The clarification widens the criteria to include the holding of land which is particulary good news for farmers who have land subject to Compulsory Purchase Order’s (CPOs). The change now allows a Capital Gains Tax Rate of 10% (Entrepreneurial Relief) to apply for CPOs once specific conditions are met.