A number of agri taxation measures were extended in Budget 2019.

The income averaging restriction has been lifted. Previously, this did not allow farmers with additional self-employed income (for either themselves or their spouses) to participate.

The following reliefs have been extended for a further three years:

  • Stamp duty exemption on transfers of land to young trained farmers.
  • 25% general stock relief on income tax.
  • 100% stock relief on income tax for certain young trained farmers.
  • 50% stock relief on income tax for registered farm partnerships.