Budget 2024: Key measures for farmers in this year's round-up
Minister McGrath also said he would increase the maximum aggregate lifetime limit of a number of farm-related reliefs to €100,000
Measures to improve farm succession pathways and farm safety were among the key announcements for farmers in this year's budget.
Announcing the changes, which include accelerated capital allowances for farm safety equipment and a five-year increase to the upper limit on retirement relief, Finance Minister Michael McGrath said: “Farming is the lifeblood of rural communities across Ireland. A number of important agricultural tax reliefs are due to expire at the end of this year. These reliefs provide important supports to our young farmers and the farming sector generally."
