Revenue eBrief No. 030/23
07 February 2023
Stamp Duty Tax and Duty Manual Section 81AA: Transfers of Land to Young Trained Farmers updated
Section 81AA of the Stamp Duties Consolidation Act (SDCA) 1999 provides for relief from stamp duty on transfers of land to young trained farmers.
Tax and Duty Manual - Section 81AA Stamp Duty - has been updated to reflect recent developments:
- The relief was extended under section 81AA to 30 June 2023.
- Section 95 of Finance Act 2022 inserted a new section 654A in the Taxes Consolidation Act (TCA) 1997. Section 654A TCA 1997 streamlines how trained farmer qualifications are listed and updated for the purposes of various tax relief schemes, including relief for young trained farmers under section 81AA. Section 81AA was amended to reflect this change.
- Section 81AA constitutes an EU State aid and is granted in accordance with the Agricultural Block Exemption Regulation (ABER). A new ABER came into effect on 1 January 2023 (Commission Regulation (EU) No. 2022/2742), replacing the previous ABER (Commission Regulation (EU) No. 702/2014) which expired on 31 December 2022.