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Fair Deal and signing over farm

  • 27-12-2015 5:46pm
    #1
    seldduca2012
    Registered Users, Registered Users 2 Posts: 27 ✭


    Hi,

    I would appreciate any advice.

    Does anyone know what date applies for the 5 year rule for the fair deal in relation to signing over a farm (i.e. is it the date from when a farm was signed over OR the date the paperwork came back from land registry)?

    Ta


Comments

  • #2
    I said
    Closed Accounts Posts: 2,855 ✭✭✭I said


    seldduca2012 wrote: »
    Hi,

    I would appreciate any advice.

    Does anyone know what date applies for the 5 year rule for the fair deal in relation to signing over a farm (i.e. is it the date from when a farm was signed over OR the date the paperwork came back from land registry)?

    Ta

    5 years from the date the farm or house was signed over eg signed over on the 27th Dec 2010 it's five years from then to today's date.


  • #3
    longgonesilver
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭longgonesilver


    There was/is? a clause whereby if the donor was an active farmer at the time of illness/hospitalisation the value of the farmland might not be counted.

    An active farmer might not have been doing the physical work but the farming taxes payments etc were in their name.

    The clause was brought in to exclude family farms in cases where the farmer was injured/got seriously ill and could have been hospitalised for years, destroying the family farm with massive bills.


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