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Transfer land to my son

  • 23-09-2018 8:05pm
    #1
    Tomjim
    Registered Users, Registered Users 2 Posts: 1,362 ✭✭✭


    If I transfer some land to my 17 year old son will he automatically get a herd number


Comments

  • #2
    Water John
    Registered Users, Registered Users 2 Posts: 21,808 ✭✭✭✭Water John


    No. He'll have to show separate yard housing and handling facilities and apply for Herd No.


  • #3
    TheBoyConor
    Closed Accounts Posts: 3,292 ✭✭✭TheBoyConor


    I wouldn't think it would be a wise move to trsnsfer to a teenager in any circumstances.
    Realistically, wait to see who he marries before even thinking about transferring land. The risks are huge when then.


  • #4
    Tomjim
    Registered Users, Registered Users 2 Posts: 1,362 ✭✭✭Tomjim


    Water John wrote: »
    No. He'll have to show separate yard housing and handling facilities and apply for Herd No.


    The land is separate to the main block and it has its own handling facilities. No accommodation required as its used for summer grazing only and he would continue to do this


  • #5
    Water John
    Registered Users, Registered Users 2 Posts: 21,808 ✭✭✭✭Water John


    Apply to Dept for a separate Herd No. Another option is to lease the land to him but that's your choice. Check taxes and stamp duty etc with your Solr and Accountant before any moves.


  • #6
    PoorFarmer
    Registered Users, Registered Users 2 Posts: 654 ✭✭✭PoorFarmer


    I think there is something about having to be 18 or older to qualify for some reliefs. Even if it is an out farm there will still need to be a building/shelter along with the handling facilities for treatment of a sick animal to qualify for a herd number


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  • #7
    whelan2
    Registered Users, Registered Users 2 Posts: 30,217 ✭✭✭✭whelan2


    TheBoyConor wrote: »
    I wouldn't think it would be a wise move to trsnsfer to a teenager in any circumstances.
    Realistically, wait to see who he marries before even thinking about transferring land. The risks are huge when then.

    Jaysus, no land would ever be transferred if your advice was heeded


  • #8
    TITANIUM.
    Registered Users, Registered Users 2 Posts: 2,313 ✭✭✭TITANIUM.


    Tomjim wrote: »
    If I transfer some land to my 17 year old son will he automatically get a herd number

    Fair play to you is what I say, I think it's great to see youth getting it's chance. I know plenty of lads closer to the pension age then they are to your sons age and there still waiting for the farm or even part of it to be transferred.
    The other posters are right though he will need to apply for a herd number. A small job really.


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