Young farmers set for tax relief in budget

Tax reliefs for young farmers are expected to be announced in the budget, including incentives to lease land for longer periods, as well as measures to help older farmers pass on their properties to younger generations.

The moves are line with changes to payments from Europe for young farmers which are due to come into effect in January.

Agriculture Minister Simon Coveney ordered a strategic review of the tax code for farmers this year, in line with the changes to the Common Agriculture Policy payments.