Stamp Duties Consolidation Act 1999 section 81AA

Transfers to young trained farmers

Section 81AA gives a young trained farmer full relief from stamp duty when agricultural land is transferred to them, subject to conditions on age, qualifications, farming activity and retention of the land.

• Full relief from stamp duty on the sale or gift of agricultural land to a young trained farmer — a person under 35 on the date the instrument is executed who holds a recognised trained farmer qualification.
• The farmer must intend, for five years, to spend at least half of their normal working time farming the land and to retain ownership, must submit a business plan to Teagasc, and must be a micro or small enterprise.
• Relief, taken with stock relief (section 667B TCA 1997) and succession farm partnership relief (section 667D TCA 1997), is capped at €100,000 under EU State Aid rules.
• Relief is clawed back with interest if the land is sold and the proceeds are not reinvested in other land within a year, or if the farming-time test is failed; it applies to instruments executed from 2 April 2007, expired on 31 December 2025, and is extended to 31 December 2029 by commencement order.