There have been significant changes to stamp duty in the last number of years with a large reduction in rates. The farming sector has benefitted from this in that the rate of stamp duty on the purchase of agricultural land had effectively fallen from 9% to 2%. With Budget 2018, the rate has now increased to 6%. It would therefore be worthwhile looking at the stamp duty position for the farming sector and to look at it as comprehensively as possible.

What is stamp duty?