For those landowners looking at doing land swaps or selling a piece of outside land to replace it with land closer to the main farm hub, they should act quickly to avail of Capital Gains Tax (CGT) restructuring relief before it is due to run out on 31 December 2016. Further, for those landowners who are renting their land on an annual basis, they should consider entering into a lease for a minimum of five years before the end of the year to continue to avail of CGT retirement relief.

Farm restructuring relief