Brendan Burgess
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The D4 farmers: Why the rich are buying up land to avoid inheritance tax
Rules to limit use of relief for tax planning are on the way but have not yet been activated
My own thoughts exactly!The Irish Times headline uses "D4" in the clickbait headline but doesn't mention Dublin 4 in the actual article body.
First line of the article:There are rich people in Cork too much more likely to be buying land nearby.
In west Cork, there has been an influx of rich Dublin buyers in the area of late
From the Irish Times article:but no consideration of it here
While the Government has become wise to the unforeseen use of the relief, more restrictive measures announced in last October’s budget have yet to come into play. Non-farming families still have time to make use of the relief before the changes are legislated for.
They haven't operated without limit for many years.It's incredible that these reliefs continue without limit
Indeed they are not without limits.They haven't operated without limit for many years.
Correction: no financial limits on these reliefs. Billionaires are not buying up land at a vast scale because the regulations are onerous.It's incredible that these reliefs continue without limit. Trying to cap them in the UK brought out the farmers groups in opposition, but no consideration of it here.
That bit is correct.Billionaires are not buying up land at a vast scale
Brought out a load of rich people like Jeremy Clarksonbrought out the farmers groups in opposition
It could even be increased. Sugar and flour production doesn't seem to happen in the state any moreAnd the preservation of family farms (and businesses generally) is deemed a socially desirable objective.
Alright Dev...Sugar and flour production doesn't seem to happen in the state any more
That doesn't seem to be remotely true.flour production doesn't seem to happen in the state any more
That doesn't seem to be remotely true.
In 2023, 69% of our flour came from the United Kingdom.
In a 2020 report prepared by Professor Michael Wallace (UCD) for Tillage Industry Ireland, it is mentioned that Irish wheat production for flour milling makes up only a tiny share (c.6%) of Ireland’s output.
it is mentioned that Irish wheat production for flour milling makes up only a tiny share (c.6%) of Ireland’s output.
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