Farmers urged to review structures as Revenue tightens rules on CAT relief

Missing out on the agricultural relief can be very costly, because the relief reduces agricultural asset value by 90%, for CAT calculation purposes. File photo
Farmers have been warned to have their affairs in order, or risk being innocent victims of a Revenue clampdown on non-farmers availing of agricultural relief from Capital Acquisitions Tax.
The Land Mobility Service has warned of tightening rules around farm transfers, which may make qualification for agricultural relief from CAT more difficult.