What stamp duty is due on farmland?

7.5% of its value at the full rate. Between close relatives it can be 1%, with consanguinity relief (for land passed to a relative). A young trained farmer can pay nothing.

Does the relative relief cover the farmhouse?

No. The farmhouse is charged at home rates: 1% up to €1 million. Young trained farmer relief does cover the house.

Is there a limit on young trained farmer relief?

Yes. €100,000 of relief in a lifetime, shared with stock relief and the succession partnership credit. The relative relief is applied first, which keeps more of the limit for later.

Farming

Stamp duty when farmland passes on

The stamp duty on farmland passed to a relative or bought, with the best relief: young trained farmer, the 1% family rate, or full rate.

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Common questions

What stamp duty is due on farmland?: 7.5% of its value at the full rate. Between close relatives it can be 1%, with consanguinity relief (for land passed to a relative). A young trained farmer can pay nothing.
Does the relative relief cover the farmhouse?: No. The farmhouse is charged at home rates: 1% up to €1 million. Young trained farmer relief does cover the house.
Is there a limit on young trained farmer relief?: Yes. €100,000 of relief in a lifetime, shared with stock relief and the succession partnership credit. The relative relief is applied first, which keeps more of the limit for later.

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