Simon Harris

IFA propose that the current derogation on a levy on agricultural tyres must remain in place until market imbalance issues are addressed and a practical disposal system for existing waste tyres on farms is put in place.

IFA Propose::• Agriculture is removed from the commercial definition and revised in line with the residential stamp duty charge of 1%, up to €1m, and 2% thereafter.::• This stamp duty reduction will assist active farmers to support farm expansion and viability, which will in…

To stimulate FDI, growth and jobs in the economy.

IFA Propose::• To increase uptake, the relief should be extended to a young farmer's off-farm income for three of the five years, allowing the young farmer to invest some of this income in developing and expanding the farm.::• The percentage of farm assets a transferor must…

IFA Propose::• Agricultural Relief is retained at the current rate for all genuine active farmers, where the transferor, transferee, or a combination of both, pass the active farmer test set out under the current Agricultural relief clause for a minimum of 15 years.::• Where an…

IFA Propose::• Indexation relief should be restored and extended to include periods of ownership post 2002::• To promote generational renewal, IFA propose an exemption on intra family farm transfer to qualified farmers who actively farm for a period of at least 6 years post…

IFA Propose::• If a landowner wishes to sell land to a long-term tenant, then the CGT Entrepreneur relief of 10% should apply to incentivise supporting the genuine farmer and giving the long-term tenant preferred status.::• Agricultural land that is subject to Compulsory…

IFA propose that the interaction between the two CGT reliefs should be removed allowing both reliefs to operate separately. An individual should be able to avail themselves in full of the CGT Entrepreneur Relief and the CGT Retirement Relief throughout their lifetime, subject to…

IFA propose that where a farmer has owned and used an asset for 10 years and the asset is transferred into joint names, the transferee spouse should inherit the same time ownership and usage status.

IFA propose that general stock relief of 25% relief temporarily increased to 50% until 31st December 2026 to prevent tax issues for farmers in a year of high costs and poor cashflow.

IFA Propose::• Implement 0% VAT rate on non-oral animal medicines and vaccines as early as possible.::• Accelerated capital allowances for animal health monitoring systems, automatic calf feeders, additional milkings points and hoof-care equipment.::• Zero VAT rate / Accelerated…

IFA Propose::• All farm equipment, which contributes to increased emission efficiency, such as LESS equipment or capital investment in developing bioeconomy supply chains, should qualify for accelerated capital allowances and be exempt from VAT.::• Reduced excise duty on…

Adoption of FBN Ireland's Budget 2027 recommendations, in particular a reduced CGT rate (20%), an increased CAT Group A threshold (€600,000), a three-year rolling budget framework, a Commission on Public Expenditure, and control of public spending growth ahead of further…

Budget 2027 should introduce a targeted exemption from the close company surcharge where retained after-tax profits are reinvested in qualifying Irish real estate and infrastructure. This would preserve the surcharge’s anti-avoidance purpose while encouraging indigenous…

To provide AmCham views in relation to the Department of Finance's consultation on the Statement on Phase One of Reform of Ireland’s Taxation Regime for Interest