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Stamp Duty - Young Farmer operating through Limited Company

  • 01-11-2020 7:58pm
    #1
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭


    Hi there,

    If a young trained farmer owns 100% of the share capital of a limited company and purchases land through that company, can he claim an exemption from stamp duty if he personally satisfies the conditions of being a young trained farmer?


Comments

  • #2
    ismat
    Registered Users, Registered Users 2 Posts: 169 ✭✭ismat


    He can’t


  • #3
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭HcksawJimDuggan


    ismat wrote: »
    He can’t

    Thanks, was thinking that was the answer alright but can't find a definitive answer in the tax manuals. Have you come across it in practice? I know some of the tax reliefs/allowances seem to make concessions to allow limited company's avail of them while others don't.


  • #4
    ismat
    Registered Users, Registered Users 2 Posts: 169 ✭✭ismat


    That relief is specific to the person ie having a green cert or being of a certain age. By definition a company can’t avail of it as a company can’t have these


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