Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Conditions of stamp duty relief

  • 09-01-2012 2:26pm
    #1
    Enderol
    Registered Users, Registered Users 2 Posts: 87 ✭✭


    Does anyone have any idea how to interpret this piece I saw in the IFA handbook 2012 about the conditions for stamp duty relief stamp duty relief (p143).

    Conditions for relief:
    1. Be a young trained farmer.
    2. furnish a declaration to the effect that he or she will, for a period of five years,
    2a. Spend not less than 50% of his/her normal working time farming the land.
    2b. Retain ownership of the land.


    Does this mean that if I work an off-farm job of 40 hours, I'd have to work on the farm another 40 hours to get relief??


Comments

  • #2
    Timmaay
    Registered Users, Registered Users 2 Posts: 11,396 ✭✭✭✭Timmaay


    Yes it does. How they could practically enforce this though! Sure aren't all us farmers hard workers, doing 80hours a week!


  • #3
    Enderol
    Registered Users, Registered Users 2 Posts: 87 ✭✭Enderol


    Timmaay wrote: »
    Yes it does. How they could practically enforce this though! Sure aren't all us farmers hard workers, doing 80hours a week!

    That's exactly what I thought. Next you'll probably have to swipe in when you go onto the farm and have a doctors note for the department when your sick!


  • #4
    JohnBoy
    Registered Users, Registered Users 2 Posts: 2,342 ✭✭✭JohnBoy


    That's the dumbest, most un-enforceable criteria imaginable.

    let's say you're transferred 10 acres. what are you going to do to occupy half your working week?

    setup an intensive vegtable farm?


  • #5
    fulljonny
    Registered Users, Registered Users 2 Posts: 13 ✭fulljonny


    When they say normal working hours do they mean 9-5?
    If that's the case you could only work six months of the year!Has anyone ever had there payment refused?


  • #6
    Username John
    Closed Accounts Posts: 4,237 ✭✭✭Username John


    Enderol wrote: »
    Does anyone have any idea how to interpret this piece I saw in the IFA handbook 2012 about the conditions for stamp duty relief stamp duty relief (p143).

    Conditions for relief:
    1. Be a young trained farmer.
    2. furnish a declaration to the effect that he or she will, for a period of five years,
    2a. Spend not less than 50% of his/her normal working time farming the land.
    2b. Retain ownership of the land.


    Does this mean that if I work an off-farm job of 40 hours, I'd have to work on the farm another 40 hours to get relief??

    Does it not mean you would need to do 20 hours a week? :confused:

    This easy enough done - Full day Saturday + 2 hours every day is 20 hours. Now add in holidays, doesn't be long adding up.


  • Advertisement
Advertisement