Agricultural Relief

Where agricultural relief is available and can be claimed the effect is to reduce the value of the taxable benefit transferring by 90%. There are a number of conditions that need to be fulfilled in order to qualify for the relief. The main two provisions are that the gift or inheritance must be of agricultural property, which is defined and includes land, and that the recipient must qualify to be treated as a “farmer”.

If you would like to arrange a consultation to draft a will, you can contact us on 01 872 5255 or by email