Category Archives: Agricultural Relief

Agricultural Relief, Business Property Relief, Gift & Inheritance Tax, Tax Tips

Tax Implications of an Inheritance

Posted on by Colin Comerford
Farmer at harvest time
21
Jul

I’m going to look at the tax implications of an inheritance from Uncle Pat. A case like this crossed my desk a few weeks ago. It was interesting for the taxes involved, and also for the work the executors had to do. While there was inheritance tax, there were other taxes too, like VAT and

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Agricultural Relief, Business Transfer, irish property, Tax Advice

Agricultural Relief – Tips and Traps

Posted on by Colin Comerford
Golf course with bunkers
15
Jul

Last week we looked at the basics of agricultural relief. This week we are going to look at some tips and traps when it comes to agricultural relief. The main ones are Meeting the farmer test Preparing to meet the test Deductions for liabilities Trees Clawback Better than Business Property Relief Meeting the farmer test

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