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Green cert over 35, is it worth it?

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  • 22-02-2020 11:38am
    #1
    Buying house2020
    Registered Users Posts: 46 ✭


    Hi,

    Is the green cert worth doing over the age of 35?
    In my mid 30s now, if I started the course this year, I would be over 35 by the time the course finishes.

    Over the next few years, I would be hoping to get involved in the family farm on part time basis.

    Eventually the family farm and everything on it will pass to me.

    Would the green cert help with inheritance tax ?


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    #2
    _Brian
    Registered Users Posts: 18,478 ✭✭✭✭_Brian


    Knowledge is always useful.


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    #3
    gozunda
    Registered Users Posts: 18,996 ✭✭✭✭gozunda


    A Green cert course qualification currently defines 'a qualified farmer' for the purposes of Revenue and Department of Agriculture (DAFM) schemes.

    Also previous forestry grants schemes needed a green cert to be able to access the farmers rate for afforestation grants etc. Though I think thats changed now.


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    #4
    ruwithme
    Registered Users Posts: 1,183 ✭✭✭ruwithme


    Buying house2020 wrote: »
    Hi,

    Is the green cert worth doing over the age of 35?
    In my mid 30s now, if I started the course this year, I would be over 35 by the time the course finishes.

    Over the next few years, I would be hoping to get involved in the family farm on part time basis.

    Eventually the family farm and everything on it will pass to me.

    Would the green cert help with inheritance tax ?

    Op your best really seek advice from ideally a good independent agri consultant in your area on this. They are aware of all criteria for farm schemes and the like and often have knowledge of things coming down the line in time.


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    #5
    Cavanjack
    Registered Users Posts: 2,547 ✭✭✭Cavanjack


    It’ll entitle you to 60% tams grants if still under 40 anyway.


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    #6
    visatorro
    Registered Users Posts: 3,102 ✭✭✭visatorro


    God knows what way any sort of tax will go in years to come.


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    #7
    Farm365
    Registered Users Posts: 120 ✭✭Farm365


    Look up Farmed.ie the course can be done over 10mths part time with them


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    #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    The only thing having it under 35 means is you are exempt from stamp duty. You are entitled to all other benefits once you are under 40 and you are eligible for agri relief regardless of age.

    Im not sure why the idea got out there that being under 35 was the big difference it’s only one fairly minor addition benefit it gives you.

    The reality is the main reason for doing the green cert is to be eligible for agri relief on inheritance tax so the green cert is worth doing for this no matter what age you are as without it and a farm worth over 330k you are going to be writing a big cheque to revenue.


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    #9
    Eamon_
    Banned (with Prison Access) Posts: 35 ✭Eamon_


    Deleted User wrote: »
    The only thing having it under 35 means is you are exempt from stamp duty. You are entitled to all other benefits once you are under 40 and you are eligible for agri relief regardless of age.

    Im not sure why the idea got out there that being under 35 was the big difference it’s only one fairly minor addition benefit it gives you.

    The reality is the main reason for doing the green cert is to be eligible for agri relief on inheritance tax so the green cert is worth doing for this no matter what age you are as without it and a farm worth over 330k you are going to be writing a big cheque to revenue.

    Your last point is misleading.

    Capital gains for inheritance of farms is 90% reduced. This means if a farm is worth 3m, the capital gains is only on 300k of this, and then because 300k is below the 330k limit, you don't pay any tax at all.


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