Family farm transfer advice

Agree with K.G. your talking about a few bits and bobs that would add up to a couple of thousand at most. Best to say nothing. When the transfer goes through you can always upgrade them by trading in the old one so it would look like the new one is yours then. Having said that if your brothers want to borrow them then let them, you only have one family and it only takes one dispute to turn things sour.

I'd just put a spray or a mark on everything, that identifies it as yours, as others said no point falling out over tools.

Don't mention tools. If the brother borrows something and holds on to it just go away and get your own then.

Don't go trading in small value items like chainsaws just get another one and leave the old one to your brother.

I'd even tell your siblings to keep the tools,

To be squabbling over a thousand euros worth of tools after inheriting the farm will only send you doolally.

They'll wreck them and then the row will be who's going to service them

Just two things. Look at your father accounts. He will have a stock balance. He can take that out of the farm tax free. If you pay him for that stock value you can use stock relief to deprecate it against tax. Talk to you accountant about it.

On tools and small items forget about it. As you but new stuff write it off against tax. Larger machinery may still have a book value transfer it at book value pay your father for it and deprecate in the accounts.

There is serious tax reliefs lads do not avail of at farm transfers as I said both you and your father should sit down and talk to the accountant

Make a decision, it doesn't need to be the right decision, a decision is often all that is needed. Sometimes democracy and appeasement is not warranted.

Do what's right for you and make it clear, legally.

What are you talking about of the 10+k of small tools on a farm, chainsaw, brush cutter, angle grinder, hammers, spades shovels etc, maybe a cement mixer in stuff that there's no registration data on. At the end of the time of the stuff that lads may borrow is 3-5k in value and after depreciation with tax if you bought new ones yourself and left the old ones wither away it 2-3k in real terms.

There will never be conflict over a pigtail, fence reel or an electric fencer, I buy anything there could be conflict over new myself and still lend them to any family members. FFS you are walking away with 300k minimum of an asset WTF fall out over the price of a family holiday.

I have only ever fallen out over a issue similar to this with a lad and by f@@k did he push hard to get to that stage.

Why would op pay for something that he can get for nothing?

After the transfer here I bought my own bits of tools (chainsaw, angle grinder, drill etc), car trailer and upgraded the tractor. My brothers went from borrowing stuff to asking permission as these were viewed as mine. At the end of the day, the land and farm I view as I'm lucky to have and when I'm stuck and need help they will always be first to come no matter what the time. Family is more important than any tool that can be easily be replaced

In what circumstances though?

Jaysus alright. No one called anyone a tight c**t. There was no money mentioned in the op so I couldn't see the relevance of your post.

Enjoy the rest of your weekend.

A friend inherited a farm lately and there was money also specified to be spent on the farm and this was even able to avail of agri relief as well as land and stock, you won't transfer money any cheaper than that.

Same friend is having inheritances coming from all sides