Income averaging will be extended to farms with an off-farm trading income in Budget 2019, Minister for Finance Paschal Donohoe has confirmed.

In his speech to the Dáil, he also announced a three-year extension of the young trained farmer stamp duty relief, which was due to expire at the end of 2018.

Existing stock relief measures have also been extended to 2021. Donohoe also confirmed an increase to the category A capital acquisitions tax-free threshold.

  • Amount for young trained farmer stamp duty relief: €15m
  • Amount for stock relief: €8m
  • Amount for inclusion of off-farm income in averaging: €2.5m in a full year