drawing up lease for land

It used to be the case that the Stamp Duty was waived for a 6+ year lease

Your auctioneer is ripping you off. You'd be better off setting it to someone you know for a bit less of a headline price than paying 80 quid an acre to have the lease drawn up. He'll probably charge a small fortune as well for the honour of forwarding on the cheque to you once a year (he won't be there though in terms of chasing up money etc. if there are issues)

your accountant should be able to stamp lease

Lease has to be stamped to get tax relief.

Can you tell me where it states this?

I understand completely that leases needs to be stamped similar to if you purchase land I am not disputing that. It is up to the buyer or the leasee to get the lease stamped. However my point is that based on what I have read on the revenue site to claim the tax relief there is no mention of having to get the lease stamped.

I'm not saying I'm right but I can't see anywhere that you need the stamp to claim the relief.

I'm not arguing with anyone but would like to see something somewhere where it says you need the stamp for the relief

Thanks Bass,

That's a fair point. How can you rely on the Tennant to get the lease stamped. I know in theory they should but you cant guarantee it. I looked into this years ago as was planning on leasing land but never happened. Just interested.

Where do you send a lease to get it stamped?

Auctioneer currently charging the land owner 100 eu annually for 6 year lease on 30 acres

It tends to be the case a tenant will be more inclined to stay within the lease guide lines when dealing through an auctioneer as its in their interest to keep a clean sheet if doing businness with that autioneeer or indeed any auctioneer in the future as they are all in comunication with one another re clients payment ability etc, Also it can be benificial to the leasor re collection of annual lease fee ,water rates etc ,all handled through the auctioneer for the 100 eu annual fee.

Four bits of land lease here, it's all on the IFA lease and they have all been stamped by revenue. No body involved just myself and land owners.

I haven't heard that about IFA lease.

We have 20 acres of silage ground leased for 7 years. Previous too that, it was leased but renter didn't pay final two years of 5 year lease.

The land owner had given to an auctioneer and then a solicitor to get lease drawn up. He gave solicitor 1500 for the lease, when he went to the solicitor about the non payment. Solicitor said you can take him to court but will probably achieve nothing and cost land owner more money. My point is contracts mean nothing to people who won't hold their word. Therefore why waste money on solicitors and auctioneers when you can do it yourself

This is all done online through ROS now I think?….stamping a lease that is, quoting post didn't work.