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stamp duty on farm land - exceptions

  • 12-07-2012 10:03am
    #1
    bear_hunter
    Banned (with Prison Access) Posts: 87 ✭✭


    hello there

    can anyone tell me if those under thirty five are still exempt from stamp duty

    thanks


Comments

  • #2
    KCTK
    Registered Users, Registered Users 2 Posts: 378 ✭✭KCTK


    bear_hunter wrote: »
    hello there

    can anyone tell me if those under thirty five are still exempt from stamp duty

    thanks

    Yes, once you qualify as a young trained farmer. see attached from Revenue website http://www.revenue.ie/en/tax/stamp-duty/certificates/young-trained-farmers.html


  • #3
    Muckit
    Registered Users, Registered Users 2 Posts: 11,174 ✭✭✭✭Muckit


    How much is stamp duty presently on agricultural land?


  • #4
    KCTK
    Registered Users, Registered Users 2 Posts: 378 ✭✭KCTK


    Muckit wrote: »
    How much is stamp duty presently on agricultural land?

    2% on the full value of non residential property, consanguinity relief (for transfers between certain relatives) is available to reduce this to 1% up until December 2014.


  • #5
    Bodacious
    Closed Accounts Posts: 2,274 ✭✭✭Bodacious


    KCTK wrote: »
    Yes, once you qualify as a young trained farmer. see attached from Revenue website http://www.revenue.ie/en/tax/stamp-duty/certificates/young-trained-farmers.html

    im in the process of buying land for the first time. ive a BSc Hons Agriculture.. am i reading it right but do i still have to do an 180hr or 80 hr teagasc green cert to avoid stamp duty!? anyone experience this.. thanks in advance


  • #6
    KCTK
    Registered Users, Registered Users 2 Posts: 378 ✭✭KCTK


    Bodacious wrote: »
    im in the process of buying land for the first time. ive a BSc Hons Agriculture.. am i reading it right but do i still have to do an 180hr or 80 hr teagasc green cert to avoid stamp duty!? anyone experience this.. thanks in advance

    Hi Bodacious, if your qualification is one of those listed under Schedule 2B in the pdf list whose link is in the revenue link I gave above then no need of further Teagasc training.


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