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Green Cert/Farm Transfer

  • 29-05-2017 2:15pm
    #1
    joeyhh
    Registered Users, Registered Users 2 Posts: 11 ✭


    Hi,

    We have a small farm (<15 acres) that my dad is considering transferring into my name.

    I'm aware that previously the green cert was required to avoid tax but is this still the case for small farms?

    Also, is the green cert required to obtain grants and payments. My dad has never had one and was always entitled so I don't see why it should be different for young farmers.

    Finally, does anyone have suggestions on who might be the best people to advise on these matters. I was thinking Teagasc but will they advise if you are not a member?

    Thanks!


Comments

  • #2
    lakill Farm
    Registered Users, Registered Users 2 Posts: 4,735 ✭✭✭lakill Farm


    The green cert is needed to have a Nil stamp duty liability

    You may still be liable to CAT and your father liable to CGT
    joeyhh wrote: »
    Hi,

    We have a small farm (<15 acres) that my dad is considering transferring into my name.

    I'm aware that previously the green cert was required to avoid tax but is this still the case for small farms?

    Also, is the green cert required to obtain grants and payments. My dad has never had one and was always entitled so I don't see why it should be different for young farmers.

    Finally, does anyone have suggestions on who might be the best people to advise on these matters. I was thinking Teagasc but will they advise if you are not a member?

    Thanks!


  • #3
    k mac
    Registered Users, Registered Users 2 Posts: 659 ✭✭✭k mac


    lakill Farm wrote: »
    The green cert is needed to have a Nil stamp duty liability

    You may still be liable to CAT and your father liable to CGT

    With only 15 acres would what the op would save not be nearly as much as the cost of doing the green cert?


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