Course Details

With farm incomes reaching highs in 2024 and 2025 projected to be another strong year for most sectors, managing the resulting tax liabilities has become a critical concern for farmers and their advisors. This, combined with soaring land and stock prices, has added significant complexity to farm transfers and succession planning. This course is essential for any professional advising clients in the agricultural sector. 

 

Declan McEvoy covers the following topics during this course:

  • Income Tax Planning: A deep dive into maximising reliefs within the farm gate, including the strategic use of accelerated capital allowances, stock relief, and income averaging.
  • Stock Valuations: An essential guide to the importance of accurate stock valuations, common pitfalls, and their significant impact on a  tax liability.
  • Farm Business Structuring: An analysis of using partnerships and limited companies not only as a tool for tax efficiency but also as a cornerstone of a robust succession plan.
  • Succession and Transfer Planning: A holistic review of the tax implications of passing on the farm, navigating the interactions between Capital Acquisitions Tax (CAT), Capital Gains Tax (CGT), and Stamp Duty.
  • VAT for Farmers: A practical look at ongoing issues and recent clarifications, with a particular focus on common problems encountered with the VAT 58 procedure.

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CPD Course Speaker

Chartered Tax Advisor

Declan McEvoy

An AITI Chartered Tax Adviser (CTA) and Member of STEP-society of trust and estate practitioners, Declan McEvoy is Head of Tax for IFAC. Declan has extensive experience and expertise in personal and corporate tax planning, estate and succession planning, tax-based investment and financial structuring for family and farm businesses. A leading authority on farm taxation, Declan was co-author of ‘Farming in a Limited Company – is it right for you?’ Declan is also an Irish Tax Institute Registered Tax Consultant and frequently speaks at national seminars and client workshops for professional bodies, farm organisations, banks, farm groups.