Tax reliefs for farm succession

With even an average-sized farm likely to approach €1m in value, full exemption from a 7.5% stamp duty is a significant incentive for farm transfer.

One of the inbuilt obstacles to a smooth process of farm succession in Ireland is that it is significantly affected by tax reliefs, which in turn depend on the year-to-year state of the government's finances.

This year, like many years before, farmers anxiously await the Budget 2026 announcement in October, to hear if the Young Trained Farmer (Stamp Duty) Relief will continue beyond December 31, 2025.