The imposition of a 6% Stamp Duty rate on farmland sales is a seriously retrograde step that will impact very negatively on particularly those small and medium sized farmers trying to purchase some land in order to improve the viability of their farms into the future. On the basis that that is presumably not what […read more…]
Main Budget Headline Items for Farmers No change to the income tax rates. An increase of €750 in the income tax standard rate band for all earners, from €33,800 to €34,550 for single individuals and from €42,800 to €43,550 for married one earner couples. The Earned Income Tax Credit has been increased by €200 […read more…]
The President of ICMSA has described today’s Budget as “very disappointing from the point of view of farm families” and he described as “inexplicable” the fact that the Budget contained no measure whatsoever to the counter growing problem of price and income volatility that was trapping farm families in a very precarious financial position. […read more…]
While welcoming the decision of the Department of Housing, Planning and Local Government and the Department of Agriculture, Food & Marine to allow farmers to spread slurry beyond the 15 October closing date, the President of ICMSA has said that the prioritisation for local authority inspection of those applying for such an extension is not […read more…]