Farming

| 18.9°C Dublin

Close

Premium

Mike Brady: 'Tax incentives have reformed land leasing - here are 5 tips to help both tenant and landlord strike a fair deal'


Close

Agricultural consultant, Mike Brady.

Agricultural consultant, Mike Brady.

Fair play: Land leasing tax incentives have helped farmers make the best use of farmland

Fair play: Land leasing tax incentives have helped farmers make the best use of farmland

/

Agricultural consultant, Mike Brady.

Long-term leasing of land has seen a surge in popularity in recent years. The old conacre system (10-month lettings) is quickly going out of fashion in favour of 5, 7, 10, 15 even 20-year land leases.

The small size of farm holdings and the fragmented nature of land ownership here were curtailing the development of viable farm business. This was recognised by the government when it introduced income tax reliefs to encourage landowners to let their land for longer terms. The move has been a great success for the industry.

The tenant no longer has to worry about the annual insecurity of conacre. Stock numbers and cropping programmes can be forward-planned for the term of the lease.


Most Watched





Privacy