Why more and more families are encountering problems with Capital Gains Tax in farm transfers
Sidestep potentially huge tax liability by making sure you avail of Retirement Relief
Generally, a potential CGT liability can be avoided by availing of Retirement Relief. Photo: Getty
Most farmer clients contemplating a transfer of the farm to a son or daughter feel that stamp duty and possibly gift or inheritance tax are the main hurdles to be jumped.
No necessarily so. Increasingly I am encountering problems with Capital Gains Tax (CGT) in a variety of situations.
