Agricultural Property
At Kennedy Frewen O’Brien we have a strong reputation for advising farmers and their families in all matters dealing with agricultural property to include the purchase and sale of agricultural lands and buildings, leasing of agricultural property, Farm Partnerships and all matters in relation to succession planning. Advices will cover areas of financial protection for the retiring farmer, Capital Gains Tax, Capital Acquisitions Tax, Stamp Duty, State Pension, Rights, Fair Deal Scheme and retaining the family home. Further, advices will include succession plans for other members of the family where deemed necessary.
By its nature, a succession plan should be discussed by farmers with the Solicitors well in advance of the proposed retirement. Successful plans may include short-term letting or Farm Partnership Agreements with or without a family member. The best plans are those discussed well in advance with your Solicitor in cooperation with the famer’s accountant and agricultural advisor/consultant.
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