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To encourage commercial forestry farmers can benefit from a range of tax incentives designed to encourage investment. IFA has developed a guide to woodland taxation to assist farmers in understanding their tax options and obligations.

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If you are a young farmer or a new entrant to farming, take a look at some of the enhanced schemes and tax credits available to you.

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The Succession Farm Partnership Scheme effectively gives a farmer and their successor a tax incentive where the farmer and successor enter an approved partnership which culminates in the transfer of at least 80% of the farm assets to the successor.

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IFA President Joe Healy today said he had been in touch with both the Revenue Commissioners and the Kerry Co-op Board in recent days, and was clear that to minimise any penalties and gain additional time to allow for an appeal of the Revenue’s tax assessment of Kerry patronage shares, affected Kerry suppliers should respond by letter to Revenue within the 21 day limit.

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Launching IFA’s pre-budget submission INVESTING IN AGRICULTURE TO DRIVE ECONOMIC GROWTH in Dublin today (Wed), IFA President Eddie Downey said achieving a balanced economic recovery across the country must be a key Government objective in this October’s budget.

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