Revenue eBrief No. 089/23

05 April 2023

Stock Relief- Young Trained Farmers

Tax and Duty Manual Part 23-02-01, which deals with enhanced stock relief of 100% for young trained farmers, has been updated to reflect amendments in Finance Act 2022. The availability of the relief has been extended to 30 June 2023 and the requirement that the farmer be the holder of a trained farmer qualification within the meaning of section 654A to avail of the relief was introduced.

A trained farmer qualification is defined in section 654A as being a qualification set out in the Table to that section, or any other qualification that Teagasc certifies as corresponding to a qualification set out in the Table and deemed by the Qualifications and Quality Assurance Authority of Ireland to be of an equivalent level.