Tax anomalies hitting farmers: IAVI

A NUMBER of tax anomalies are causing hardship for many farmers and landowners, according to John Dawson, president of the Irish Auctioneers and Valuers Institute.

“These anomalies are causing undue grief for widows, farmers’ children and retiring couples.

“In fact, they discriminate against the farming family and are a major disincentive for a son or daughter to start farming,” he said.

Mr Dawson said a lack of awareness means that people are innocently entering into various agreements and in subsequent years are hit with an unexpected tax bill out of the blue.