Article by Michael Fitzgerald.

• Farm Succession Planning: Get a grip on successful site transfers for your family farm’s future in Michael Fitzgerald’s insightful article.
• Tax Considerations: Tackle tricky taxes with a well-thought-out plan for transferring sites – safeguard your farm’s growth.
• Tax Benefits: Learn about tax perks like capital gains exemption and higher Gift Tax thresholds for smooth transfers to your children.
• Stamp Duty Relief: Slash your Stamp Duty from 7.5% to just 2% – find out how this relief can save you big bucks.
• Claw-Back Risk: Understand the risk of relief claw-back by disposing of sites within specific timeframes; plan strategically for success.

Ready to fortify your farm’s legacy? Delve into the article now for farm-smart insights that set you up for success.

Read full article here.

Michael Fitzgerald is a tax consultant with FDC Bandon.