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buying land in the next few weeks

  • 18-05-2015 10:28PM
    #1
    rjphouse
    Registered Users, Registered Users 2 Posts: 23 ✭


    Hi. Myself and my husband are new entrants to farming and have an offer in for 40 acres of land that has been accepted the last 2 weeks hoping to have contracts signed by the end of the month. Im new to all of this so i have a couple of questions. I am under 35 earn less than €40000 and have a green cert, my husband earns over €40000 he is 35 and has a green cert. It is land with a house so although both our money will be going towards it I will be the farmer.

    How would stamp duty work for us?
    I take it I will be too late for us to apply to the national reserve/ young farmers scheme/ single farm payment?
    Thanks


Comments

  • #2
    Base price
    Registered Users, Registered Users 2 Posts: 11,578 ✭✭✭✭Base price


    Can't help you with advice but there are a few on the site who would be knowledgeable.
    Here is a link that may help you http://www.revenue.ie/en/tax/stamp-duty/index.html

    Anyway, welcome to the site and best of luck with your purchase.


  • #3
    rjphouse
    Registered Users, Registered Users 2 Posts: 23 ✭rjphouse


    Hi thanks for that looking at we should be eligible for stamp duty exemption.


  • #4
    Markcheese
    Registered Users, Registered Users 2 Posts: 9,043 ✭✭✭Markcheese


    Would it be worth getting on to your local teagasc office -? At least they should know most of the legalities - and you are probably going to need a fair bit of advice - green certs or no -

    Slava ukraini 🇺🇦



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