Retention of stock relief and capital allowances for buildings welcomed

THE retention of both the 100% stock relief for trained farmers aged under 35 and capital allowances for farm buildings in yesterday’s budget is great news for your farmers, according to Macra na Feirme.

The young farmer group said the budget represented a clear decision by the Government to build a future on the land for Ireland’s young farmers. Macra and other farm organisations said that they were given the clarity they had been seeking on many of the farm-related tax questions.

The hope is that more young farmers get to take up farm ownership. Farm ownership in Ireland and throughout the EU is dominated by older farmers.