Navigating Farm Succession Planning: Expert Advice and Support Available
There has been a very welcome change to the succession planning advice grant rules for farmers. Chartered Tax advisors are now added to the list of accredited professionals under the scheme. The scheme provides a grant for qualifying farmers to receive up to €1,500 towards the costs of succession planning advice.
The key conditions for the grant are as follows:
a farmer aged 60 years and above who is currently not in a succession partnership
farming at least a minimum of 3 hectares of land at the time of the application
farming for a minimum of 2 years prior to application
Farm succession planning is a critical yet often challenging process that can lead to family disputes if not handled carefully. The topic of transferring the family farm is one that every farm family should consider and plan for well in advance. Early succession planning allows families to address and resolve key issues before the actual transition begins, reducing the potential for conflict.
While the idea of succession can feel overwhelming, having the right tools and information at your disposal can make the journey much more manageable. Our tax experts have extensive experience in guiding farmers through the complexities of succession planning. If you’re considering transferring ownership of your farm or agricultural holding to a family member, our team is here to support you every step of the way, ensuring a smooth and informed transition.
Start the process today: Our tax experts are all Chartered Tax Advisors and would be happy to speak to you about your options. Contact us to arrange an appointment using the form below.
To apply for the grant, you must submit a completed application form (pdf)
For more information on the Succession Planning Advice Grant, see the scheme terms and conditions (pdf)