Farms / Farming
In general our experience is that farming is a business which traditionally passes from generation to generation. It is important to ensure that the transfer of the Family Farm through the generations is carried out in the most financially and tax efficient manner possible.
Certain Tax Reliefs and incentives are available for early retirement. Stamp Duty Reliefs are available to Qualified Young Farmers. There are a myriad of laws and regulations regarding areas of farming and farm life. They have been created both by Irish and European Legislation and it is important to ensure that anyone involved in farming is fully advised on the implications of all Regulation and Legislation in relation to running, maintaining, purchasing or inheriting a farm. We at Steen O Reilly have acted for generations of Farming Families and would be happy to advise you.