Budget 2013 - Farmer Taxation

Farmer Stock Relief

The existing general 25% stock relief for farmers and the special incentive stock relief of 100% for certain young trained farmers are being extended from 1 January 2013 for a further three years subject to, in the case of the young trained farmer scheme, clearance with the European Commission under State Aid rules.

Registered Farm Partnerships

The definition of registered farm partnerships, which attract stock relief at the rate of 50% rather than 25%, is being extended to include certain other farm partnerships which register with the Department of Agriculture, Food and the Marine, subject to clearance with the European Commission under state aid rules