Farm Reconstructing Relief

You may claim a relief from CGT if you dispose of farm land in order to make your farm more efficient. The conditions are;

• The first sale or purchase must have occurred between 1 January 2013 and 31 December 2019. 
• The next sale or purchase must occur within 24 months of the first sale or purchase. You can also claim the relief where you exchanged land with another person.

You must receive a certificate from Teagasc in order to claim this relief. The certificate must state that you carried out the transaction for farm restructuring purposes.

The land you sold or exchanged may have a higher value than either:

• The land you purchased.
• The land you received in exchange for your land.

In this case, the amount of relief you can claim will be reduced. 

You may dispose of the land you purchased or exchanged within 5 years of the date of purchase or exchange. If you do, you won't be able to claim Farm Restructuring Relief. Unless you sell the land under a compulsory purchase order.