Tipperary farmers will benefit from new stamp duty relief measures which come into force on August 1st.
Local TD Jackie Cahill says the 1% rate for farm consolodation will make a huge difference for acquisitions between family members.
The Fianna Fail Deputy played a key role in the campaign which saw the Minister for Finance agree to the new rate – which had originally been proposed as between 2 and 6%.
Jackie Cahill says as it stands at the moment, if a farmer sells land to buy land they qualify for capital gains tax relief – so penalising them with an increase in stamp duty made no sense…
