Budget 2012 - Farmer Taxation

Stock Relief for Registered Farm Partnerships

An enhanced 50% stock relief (100% for certain young trained farmers) for registered farm partnerships is being introduced and will run until 31 December 2015 subject to clearance with the European Commission under State Aid rules.

Changes to CGT retirement relief

In order to incentivise the timely transfer of farms before the current owners reach 66 years of age, changes are being made in respect of retirement relief from CGT.

Please see the Capital Gains Tax section for further details.