CPDStore Ireland

Following an exceptionally strong year for farm incomes in 2025, the financial landscape has shifted rapidly through last quarter 2025 and 26 with prices dropping and costs increasing . Across most primary sectors, farm incomes are now facing significant downward pressure from volatile commodity prices and rising input costs. With margins squeezed, there has never been a more critical time for agricultural clients to critically re-examine their farm tax structures, evaluating the transition from sole trader to partnership or corporate structures to protect cash flow and manage fluctuating liabilities.

Compounding this structural urgency, Revenue has issued heavily updated Tax and Duty Manuals regarding Stamp Duty exemptions (specifically Section 81C Farm Consolidation and Section 81AA Young Trained Farmer frameworks) and CAT Agricultural Relief.

 With the autumn compliance and filing deadline season now firmly upon us, this webinar provides an essential refresher on the key income and capital tax issues impacting Irish agriculture today. 

Attending will empower you to deliver proactive, audit-resistant structural advice, mitigate climbing tax burdens, and enhance the strategic value of your practice.

Declan McEvoy will cover the following topics during this webinar:

Income Tax Planning & Stock Valuations

• Maximising Reliefs: A deep dive into maximising reliefs within the farm gate, including the strategic use of accelerated capital allowances (such as slurry storage facilities), stock relief extensions, and the mechanics of income averaging rules during volatile cycles.
• Stock Valuation Mechanics: An essential guide to the importance of accurate stock valuations, common errors in farm accounts, and their direct impact on a client's final income tax liability.
• Averaging step out
• Carbon tax
• Capital allowances

Farm Business Structuring

• Entity Selection under Pressure: An analysis of using Registered Farm Partnerships and limited companies not only as tools for short-term tax efficiency but as the cornerstone of a robust, long-term succession plan.

Capital Tax Refresher & Stamp Duty Developments

• Succession Planning & Manual Updates: A holistic review of the tax implications of passing on the farm, navigating the complex interactions between Capital Acquisitions Tax (CAT), Capital Gains Tax (CGT), and Stamp Duty.
• Stamp Duty Extensions: Key structural updates on the Young Trained Farmer Relief (Sec 81AA) and Farm Consolidation Relief (Sec 81C), both extended to 31 December 2029, alongside their broadened scopes encompassing non-commercial woodland used for environmental and biodiversity purposes. 
• CGT & CAT Guardrails: Essential reminders on the €10m/€3m Retirement Relief caps.

VAT for Farmers

• VAT 58 Procedure: A practical look at ongoing issues and recent clarifications, with a particular focus on avoiding administrative traps, structural clawbacks, and documentation failures commonly encountered with the VAT 58 scheme for unregistered farmers.

By attending this session, you will be able to:

• Effectively utilise the full range of income tax reliefs available to your farming clients to proactively manage liabilities during lower-income cycles.
• Understand the critical importance of correct stock valuation and identify potential exposure or hidden liabilities in farm accounts.
• Advise clients on the most appropriate business structures (sole trader, partnership, or corporate incorporation) for their specific scale and financial pressure.
• Navigate the complex interplay of CAT, CGT, and Stamp Duty in light of the newly refreshed Revenue manuals.
• Identify and resolve common VAT issues and confidently guide clients through a robust, audit-proof VAT 58 claim process.

This session is specifically designed for accountants, tax advisers, agricultural consultants, and solicitors who work with clients in the farming and agribusiness sector.

Course Level: Intermediate / Advanced