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  • 14-09-2018 5:12pm
    #1
    Looney1
    Registered Users, Registered Users 2 Posts: 122 ✭✭


    Lookingfor advice for brother. He is planning on taking over the farming on his father in laws farm next year. 90 acres . Dry cattle. He is just finishing the green cert now. The father in law is happy to finish active farming but does not want to give away ownership yet to his daughter. Whats the best way to work it. Nominal lease ,a new herd number, transfer of herd no . What about bfp.??


Comments

  • #2
    Grueller
    Registered Users, Registered Users 2 Posts: 5,344 ✭✭✭Grueller


    Looney1 wrote: »
    Lookingfor advice for brother. He is planning on taking over the farming on his father in laws farm next year. 90 acres . Dry cattle. He is just finishing the green cert now. The father in law is happy to finish active farming but does not want to give away ownership yet to his daughter. Whats the best way to work it. Nominal lease ,a new herd number, transfer of herd no . What about bfp.??

    Not being a smart ass but whatever way the man that owns it all wants to do it.


  • #3
    Looney1
    Registered Users, Registered Users 2 Posts: 122 ✭✭Looney1


    appreciate that but what i was getting at was how to work it with the dept of ag and revenue regarding herd numbers etc


  • #4
    L1985
    Registered Users, Registered Users 2 Posts: 1,018 ✭✭✭L1985


    Looney1 wrote: »
    appreciate that but what i was getting at was how to work it with the dept of ag and revenue regarding herd numbers etc

    Would your brother try doing a partnership first?? It can be a way of easing them both into it....


  • #5
    Mooooo
    Registered Users, Registered Users 2 Posts: 8,611 ✭✭✭Mooooo


    Tell the father oin n law to Call in to teagasc or an advisor, to see what his options are. Would say lease it but I think the tax free element doesn't work with family. Communication is key in all these things anyway


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