‘Some positives in Budget but Brexit looms large for farming’
Tim Cullinan, IFA president
While praising the renewal of essential tax reliefs and the equalisation of the self-employed tax credit with the PAYE credit as well as continued funding of farm schemes announced in today’s Budget, Irish Farmers’ Association President, Tim Culinan said it should also have acknowledged “the emergency coming in the form of Brexit”.
The Budget saw Consanguinity Relief - which provides for a reduced 1% rate of stamp duty on transfers of agricultural land between family members - extended; Stamp Duty extended and an allocation of €1.8b to the Department of Agriculture, Food and the Marine which is expected to appoint a new food ombudsman in the coming weeks.
