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Tax specialist Declan McEvoy looks at what the changes to inheritance relief mean for farmers.
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Solar farms reduce the farmland available for young farmers to lease, according to the IFA's rural development chair.
This week in Money Mentor, Marty Murphy, Head of Tax, dives into the world of solar to explain the tax implications of leasing land.
The agri-consultant also called for more research into the “economic price” that could be justified for land purchases and land rental.
On this week’s show, we discuss the predicted exodus of small farmers, ACRES payments and new land leasing proposals.
Teagasc's small farmer survey shows that a significant area of small farmers' land is expected to go for lease over the coming years.
If these farmers act on their plans, 4% of the country's entire farmland area could enter the leasing market before 2030.
Estate agents have warned that suggested changes to the tax reliefs on land leasing will be counter-productive.
The upper limit could be phased in over time to avoid disrupting existing leases and current market prices.
A combination of increased CAP payments, young-farmer demand and a scarce supply of commonage and hill land is driving the market.
