Case study Consanguinity Reliefs for farmers Clarification

Passenger57

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Hi,

I am in the process of purchasing (this is a straight purchase rather than an inheritance or gift) agricultural land from a direct relative and was under the impression that as we meet the criteria laid on revenue site below that I would qualify for the lower stamp duty.
https://www.revenue.ie/en/property/stamp-duty/exemptions-and-reliefs/reliefs-for-farmers.aspx

However my solicitor was under the impression that Consanguinity Relief only applies when it is the transfer of land for succession purposes.

The Review of Consanguinity Relief 2023 below says "a rate of stamp duty of 1% (as opposed to the normal non-residential rate of 7.5%) will apply where a transfer of such land (by sale/purchase, exchange or gift) is made to certain close relations."
https://assets.gov.ie/273336/e2ae8e53-2290-45d6-a5f8-62b4cbaf8082.pdf

I am going to seek professional tax advice for clarification but I was wondering if anybody on the forum had practical experience or knowledge to draw on.
 
Thanks for the link, the examples all reference gifts rather than purchases. Also adding to confusion the Teagasc review of the Finance Bill 2024

"Consanguinity Relief for inter-family farm transfers of non-residential property is in place until 31st December 2028 (FA 2024). The relief reduces the effective rate applied on lifetime land transfers by gift between certain related persons from 7.5% to 1%"
 
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