Passing on the family farm or buying land around Killarney? Careful planning can reduce the tax bill significantly and avoid family disputes later.

Farm transfers and land in the Killarney area

Transferring a farm to the next generation is one of the most important decisions a farming family makes. With the right planning, a farm can often pass with little or no tax. Without it, the bill can be substantial.

Transferring the family farm

We advise on transfers during your lifetime and through your will, working alongside your accountant. Reliefs that may apply include agricultural relief, retirement relief from capital gains tax, and stamp duty reliefs for transfers between relatives and to young trained farmers. Each relief has conditions, so the timing and structure of the transfer matters.

Protecting the transferring parents

A good farm transfer also protects the parents, for example through a right of residence or other arrangements, so that everyone's position is secure.

Buying and selling land

We also act on purchases and sales of farmland, sites and forestry, including rights of way, folio mapping issues and Land Registry corrections, which are common with rural land in Kerry.

Frequently Asked Questions

Will a farm transfer trigger tax?

Potentially capital gains tax, capital acquisitions tax and stamp duty, but reliefs often reduce or remove these. We plan the transfer so reliefs are available.