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Tax specialist Declan McEvoy looks at what the changes to inheritance relief mean for farmers.
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An overview of the main payments and reliefs for farmers in Budget 2025.
In its latest quarterly commentary, the ESRI acknowledged there would be financial implications for some farmers if the RZLT was to go ahead.
Brian Hanrahan, head of milk pool development, said that the cost of renting land equates to about 3c/l.
Budget 2025 is coming down to the wire in being firmed up, but there is very little room to fund new measures in agriculture.
Minister for Finance Jack Chambers has said that all three Government parties have set out that they want to exclude active farmers from paying residential zoned land tax.
Residential Zoned Land Tax is aimed at activating land and stopping land hoarding, Minister Noonan has said.
The IFA want the government to present their detailed proposal to remove farmers from liability to the Residential ZOned Land tax on their farmland
Minister Chambers added that his sole objective is to bring a solution forward which ensures that active farmers are not liable for this tax and that land hoarders are taxed.
The IFA president has stated that the timeframe around mobilising funding pledged in the upcoming budget will be crucial for farmers.
