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My client who gained ownership of farmland and assets on death of her spouse wishes to sell the milk quota attached to the land. The value of quota ia approx €20000. The farm has been let for ten years. Her spouse died in 2006. What are the tax implications of selling the milk quota? She would havwe gifted two sites previous valued at approx €70000. The milk quota will be sold to non family members.

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Asked on 10 January 2013 12:27 pm
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