Forest owners will be pleased to know that insurance proceeds relating to the damage of forests can be exempted from income tax, writes rural accountant Kieran Coughlan

Where a successor is not interested in farming, the opportunity cost of retaining ownership of the farm should in the cold light of day be put up for comparison against other options

The Irish dairy industry may face rationalisation in the year ahead if current trends continue.Domestic milk intake by processors this year was down 242m litres by the end of June compared to this time last year with the month itself down 13.3m ...

The back end of 2023 saw a day of reckoning when the income tax liabilities for 2022 became due, writes agricultural accountant and farmer Kieran Coughlan.

Investing a bit of time into how your assets should be divided up and considering whether you want to use a trust in your will is an exercise well worth doing

In a race to the bottom farmers vie against each other in a game of chicken as to who is willing to rent land at prices such that there is little or no return

Despite having done what was asked of them, the stocking rates for certain farmers are set to reduce from January 1, depending on where they are geographically located

The Vacant Homes Tax (VHT) is due on residential properties that are liable to LPT and are vacant

For farmers and other businesses, a more cautious approach should be taken to make sure that those non-employees working for you are correctly regarded as non-employees

Transitioning to a farming company is an option and can spare a farmer from lofty tax bills, most especially where a farmer is exposed to tax at the higher rate on a larger portion of their income.