Taxes Consolidation Act 1997 section 654A

Trained farmer qualifications

Section 654A defines "trained farmer qualification" for the purposes of stock relief for young trained farmers, agricultural relief from capital acquisitions tax, and stamp duty relief on transfers of farmland.

• A "trained farmer qualification" is either a qualification listed in the Table to the section or any other qualification certified by Teagasc as equivalent.
• The Table lists approved qualifications awarded by QQI (ranging from Level 6 certificates to honours degrees) and qualifications awarded by named third-level institutions including UCD, University of Limerick, and several technological universities.
• Teagasc may certify additional qualifications as equivalent, provided the qualification corresponds to one in the Table and is deemed by QQI to be at least at the same level.
• Teagasc must establish, maintain and publish a list of all trained farmer qualifications, adding newly certified qualifications and removing any that cease to meet the equivalence requirements.