Budget gave some reliefs to farm sectors

LAST week's Budget marked the end of several multi-million euro tax reliefs, but a number of tax benefits were proposed for farmers.

Along with the rural community's share of tax cuts, social welfare increases and childcare measures which will boost Irish incomes by €2.5 billion over the next year, specific measures worth more than €24 million are designed to help farmers consolidate holdings, become more competitive, and comply with the Nitrates Directive.

Effective date for these measures will be announced in the Finance Bill.