Enhanced tax relief is available where partnerships are used as part of a succession plan. Some of the benefits of partnership arrangements include:
a) Partnerships allow both younger and older generations to be actively involved.
b) Partnerships can have positive EU payment benefits including Young Trained Farmer Top Ups and TAMS.
c) Partnerships can offer tax-saving opportunities through stock relief, personnel allowances and succession planning.
d) Income tax credits of €25,000 will be available to the members of a qualifying registered partnership where at least 80% of the farm will be transferred within 10 years.
e) The partnership helps to define roles, develop a farm plan, and determine income split.
Steps involved in forming a partnership include:
1. Add the new farmer(s) on to the herd number. Form ER1.1 is used for this. Please note that adding a person or persons on to the herd number is just the first step and should not be considered an end in itself. To prevent any negative tax or legal implications this step should be followed up with a formal agreement.
2. Open and operate a bank account for the farm, this bank account should be used for all farm revenues and expenses. The named persons on this bank account are those participating in the partnership.
3.Register the partnership with Revenue, using form TR1.
4. A working or on-farm agreement is prepared. This agreement outlines
Who the partnership is between.The start date and duration.The purpose of the partnership (eg to operate the Murphy Family Dairy Farm).The lands being made available to the partnership.Other assets and livestock being made available to the partnership.Roles and responsibilities of each partner.How profits are to be split and details of regular payments to any partner.Where records are to be kept and who is responsible.5. The partnership agreement is formalised and registered with the Department of Agriculture.
From now to December is a good time to be looking at partnership formation for 2018. The Land Mobility Service (info@landmobility.ie) provides support in helping with partnership formation.
Land Mobility Opportunities
A key element of the Land Mobility Service is matching people to opportunities. This is a brokerage service to find the ideal farmer match for you. Call 01-4199555 to speak with our specialist team and provide your details and preferred option. Confidentiality is assured. Qualified leads will be passed to you for further consideration.
Farms for Lease
65 HA FARM opportunity available in Co. Kilkenny. Farm presently in beef & sheep with good winter accommodation facilities. Owner open to partnership arrangement, lease or alternative uses. | REFERENCE TN12 FOR LONG TERM lease, grassland farm of 55 hectares. Suitable for dairy, beef or sucklers with wintering & milking facilities available. Co. Laois area. | REFERENCE PA06Grassland Farm near Carrickmacross Model 55 Hectare grassland farm with good infrastructure all in one block on the Cavan, Meath, Monaghan border. Farm presently in beef and sheep, owner wishes to step back and is interested in a long term lease or contract rearing. Farm would suit a beef or sheep operator or a dairy operator looking for a support / heifer rearing farm. | REFERENCE UT02FARM FOR LEASE in north Co. Meath in the Louth/Cavan border area. 56 Hectare grassland beef and sheep farm in one block. Excellent land with good facilities. Owner wishing to step back from full time farming. | REFERENCE WN04 FARM LEASE AVAILABLE on 120 acres (48.5 Ha) of quality pasture land with entitlements at Ballynacloona, Ballyneale, Carrick-on-Suir, Co. Tipperary. Farm has four available sheds measuring 96’ x 75’ with concrete floors and adjoining large concrete apron.
| REFERENCE OK09LIVESTOCK OPPORTUNITY
KILKENNY Good Size traditional mid Kilkenny mixed farm with sucklers, cattle, sheep & tillage. Land Owner looking for an enthusiastic young trained farmer with skills and experience in livestock and grassland management to explore a collaborative farming arrangement. |REFERENCE TN09 Dairy Opportunity
HERDSPERSON/ASSISTANT MANAGER required for 250 head spring calving dairy farm in Co. Meath. Excellent husbandry skills required and ability to work on own initiative aswell as part of a team. The position offers a competitive salary and the possibility of further promotion. | REFERENCE WN03OPPORTUNITIES AVAILABLE FOR Share Milking at a range of locations nationwide including Cork, Waterford, Tipperary and Laois. These are all established dairy farms with good potential and offer an excellent opportunity for a young person wanting to develop their own dairy farming business.
| REFERENCE LMX100WORKING DAIRY FARM on Meath/Cavan Border. Lovely dairy farm comprising 120 acres presently carrying 90 cows, good land and good facilities. Modern 14 unit milking parlour together with good yards and infrastructure. Farm is ready to go for the right person, the owner is looking to step back from farming.| REFERENCE NE05DAIRY FARMER WITH proven track record in large dairy farm management and ownership, seeks long term collaboration, with one or more tillage farmers. Ideally a minimum of 600 acres. Can form risk management programmes for crop purchasing, to smooth volatility for all parties. Seeks to set up a dairy, has own equity for the proposal, but would also consider a partnership, lease or joint venture. Anywhere in the country considered. REFERENCE AR01.KILKENNY GRASS BASED farmer with 80 acre holding and good facilities to winter young dairy stock looking to partner with an established dairy farmer who would either like to expand his business or is near retirement but would like to see farm enterprise continue to develop into the future. Excellent experience within the dairy sector.
| REFERENCE TN07 LOOKING TO RENT
LAND WANTED TO grow silage on within 20 mile radius of Portarlington. 20 to 50 acres sought and land should be suitable for silage making. |REFERENCE PA05AMBITIOUS YOUNG FARMER looking to lease block of land (50-200 acres) in east Clare area so as to facilitate expansion of existing suckler herd and to grow beef enterprise. Good references available. All parcels of land considered.
| REFERENCE NM04 SKILLED YOUNG
FARMERS LOOKING
FOR AN OPPORTUNITY YOUNG TRAINED AMBITIOUS farmer looking to lease a farm or enter a share farming agreement with a view to developing a profitable dairy business for all parties. | REFERENCE NE03
Enhanced tax relief is available where partnerships are used as part of a succession plan. Some of the benefits of partnership arrangements include:
a) Partnerships allow both younger and older generations to be actively involved.
b) Partnerships can have positive EU payment benefits including Young Trained Farmer Top Ups and TAMS.
c) Partnerships can offer tax-saving opportunities through stock relief, personnel allowances and succession planning.
d) Income tax credits of €25,000 will be available to the members of a qualifying registered partnership where at least 80% of the farm will be transferred within 10 years.
e) The partnership helps to define roles, develop a farm plan, and determine income split.
Steps involved in forming a partnership include:
1. Add the new farmer(s) on to the herd number. Form ER1.1 is used for this. Please note that adding a person or persons on to the herd number is just the first step and should not be considered an end in itself. To prevent any negative tax or legal implications this step should be followed up with a formal agreement.
2. Open and operate a bank account for the farm, this bank account should be used for all farm revenues and expenses. The named persons on this bank account are those participating in the partnership.
3.Register the partnership with Revenue, using form TR1.
4. A working or on-farm agreement is prepared. This agreement outlines
Who the partnership is between.The start date and duration.The purpose of the partnership (eg to operate the Murphy Family Dairy Farm).The lands being made available to the partnership.Other assets and livestock being made available to the partnership.Roles and responsibilities of each partner.How profits are to be split and details of regular payments to any partner.Where records are to be kept and who is responsible.5. The partnership agreement is formalised and registered with the Department of Agriculture.
From now to December is a good time to be looking at partnership formation for 2018. The Land Mobility Service (info@landmobility.ie) provides support in helping with partnership formation.
Land Mobility Opportunities
A key element of the Land Mobility Service is matching people to opportunities. This is a brokerage service to find the ideal farmer match for you. Call 01-4199555 to speak with our specialist team and provide your details and preferred option. Confidentiality is assured. Qualified leads will be passed to you for further consideration.
Farms for Lease
65 HA FARM opportunity available in Co. Kilkenny. Farm presently in beef & sheep with good winter accommodation facilities. Owner open to partnership arrangement, lease or alternative uses. | REFERENCE TN12 FOR LONG TERM lease, grassland farm of 55 hectares. Suitable for dairy, beef or sucklers with wintering & milking facilities available. Co. Laois area. | REFERENCE PA06Grassland Farm near Carrickmacross Model 55 Hectare grassland farm with good infrastructure all in one block on the Cavan, Meath, Monaghan border. Farm presently in beef and sheep, owner wishes to step back and is interested in a long term lease or contract rearing. Farm would suit a beef or sheep operator or a dairy operator looking for a support / heifer rearing farm. | REFERENCE UT02FARM FOR LEASE in north Co. Meath in the Louth/Cavan border area. 56 Hectare grassland beef and sheep farm in one block. Excellent land with good facilities. Owner wishing to step back from full time farming. | REFERENCE WN04 FARM LEASE AVAILABLE on 120 acres (48.5 Ha) of quality pasture land with entitlements at Ballynacloona, Ballyneale, Carrick-on-Suir, Co. Tipperary. Farm has four available sheds measuring 96’ x 75’ with concrete floors and adjoining large concrete apron.
| REFERENCE OK09LIVESTOCK OPPORTUNITY
KILKENNY Good Size traditional mid Kilkenny mixed farm with sucklers, cattle, sheep & tillage. Land Owner looking for an enthusiastic young trained farmer with skills and experience in livestock and grassland management to explore a collaborative farming arrangement. |REFERENCE TN09 Dairy Opportunity
HERDSPERSON/ASSISTANT MANAGER required for 250 head spring calving dairy farm in Co. Meath. Excellent husbandry skills required and ability to work on own initiative aswell as part of a team. The position offers a competitive salary and the possibility of further promotion. | REFERENCE WN03OPPORTUNITIES AVAILABLE FOR Share Milking at a range of locations nationwide including Cork, Waterford, Tipperary and Laois. These are all established dairy farms with good potential and offer an excellent opportunity for a young person wanting to develop their own dairy farming business.
| REFERENCE LMX100WORKING DAIRY FARM on Meath/Cavan Border. Lovely dairy farm comprising 120 acres presently carrying 90 cows, good land and good facilities. Modern 14 unit milking parlour together with good yards and infrastructure. Farm is ready to go for the right person, the owner is looking to step back from farming.| REFERENCE NE05DAIRY FARMER WITH proven track record in large dairy farm management and ownership, seeks long term collaboration, with one or more tillage farmers. Ideally a minimum of 600 acres. Can form risk management programmes for crop purchasing, to smooth volatility for all parties. Seeks to set up a dairy, has own equity for the proposal, but would also consider a partnership, lease or joint venture. Anywhere in the country considered. REFERENCE AR01.KILKENNY GRASS BASED farmer with 80 acre holding and good facilities to winter young dairy stock looking to partner with an established dairy farmer who would either like to expand his business or is near retirement but would like to see farm enterprise continue to develop into the future. Excellent experience within the dairy sector.
| REFERENCE TN07 LOOKING TO RENT
LAND WANTED TO grow silage on within 20 mile radius of Portarlington. 20 to 50 acres sought and land should be suitable for silage making. |REFERENCE PA05AMBITIOUS YOUNG FARMER looking to lease block of land (50-200 acres) in east Clare area so as to facilitate expansion of existing suckler herd and to grow beef enterprise. Good references available. All parcels of land considered.
| REFERENCE NM04 SKILLED YOUNG
FARMERS LOOKING
FOR AN OPPORTUNITY YOUNG TRAINED AMBITIOUS farmer looking to lease a farm or enter a share farming agreement with a view to developing a profitable dairy business for all parties. | REFERENCE NE03 
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