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Farmers can save a small fortune with entrepreneur tax relief on land sales

Tax relief reduces the rate of Capital Gains Tax to 10pc on gains up to €1 million

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Disposal of land can arise for a variety of reasons but in my experience thankfully it is more commonly a discretionary option being considered by retiring farmers or those who simply want to get out or scale down.

While many sales will escape the worse effects of Capital Gains Tax due to the availability of Retirement Relief, some do not qualify for relief for a variety of reasons and the introduction of Entrepreneur Relief has proven a godsend provided that the qualifying conditions can be met.


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