9,790 leases but expected lime boost missing
New data released by the Revenue Commissioners recently showed the number of long term land leases rising 14% to 9,790, in 2017, at a cost to the exchequer of €23.7m.
The cost arises from tax incentives for long term leasing, increased in the budget for 2015 to the point where a landowner getting €18,000 in land leasing income gets tax relief on this income. The number of farmers claiming this incentive increased from 3,960 in 2012, under the previous incentive scheme, to 8,490 in 2016, and 9,790 in 2017.
