Irish Times: Rich Dublin 4 people buying farms to reduce CAT

[misemoi]

note the conditions below.

What are the conditions for Agricultural Relief?

This page explains the requirements for relief from CAT on a gift or inheritance of agricultural land or property

www.revenue.ie

 

[Fortune]

That doesn't seem to be remotely true.

Have you seen a flour tanker that wasn't from Belfast?

 

[Fortune]

The production of wheat for export doesn't contradict the fact that Ireland has domestic flour milling facilities.

Not on a scale sufficient to supply Irish bakeries

 

[Fortune]

Surely it's the receiver of the gift/inheritance that avoids the CAT, so what difference does it make to the rich D4 person?

It helps their offspring pay less tax

 

[T McGibney]

Not on a scale sufficient to supply Irish bakeries

That's an industrial issue, not an agricultural one, surely?

 

[joe sod]

Alright Dev...

there is an Odlums flour mill in portarlington, it was on the verge of closing before covid but covid gave it a new lease of life and the importance of having a domestic flour milling facility was realised.
Irish wheat is generally not of a high enough standard for milling, when Dev was trying to do self sufficency and during the war they were using irish flour to a large extent and it was blackish rather than white in colour due to lack of sunshine for full ripening. After the war they started getting Canadian wheat and the difference in quality was immediately evident.