Macra na Feirme would like to see the introduction of an income volatility initiative and the rollout of rural broadband across Ireland in Budget 2018.
According to Macra, the volatility initiative would enable farmers to deposit a defined percentage of profits to a fund over a five-year period. The fund would be managed by regulated co-ops and agricultural merchants that traded with the farmer, and the farmer would be able to withdraw funds during difficult years.
Farm income and tax
In regard to income and tax, Macra wants to see:
Capital acquisition tax thresholds increase.An extension of stamp duty on consanguinity relief beyond 31 December 2017.An increase in the 100% young trained farmer stock relief from €75,000 to €150,000. An increase in the stock relief age limit to 40.Rural broadband
Macra president James Healy has also called for the introduction of rural broadband,saying: “Social and economic opportunities in rural Ireland require the immediate and progressive rollout of broadband to all of rural Ireland, not just the easily accessible parts.”
Rural Ireland has been repeatedly promised broadband over the last decade, with only 61.1% of households in rural areas having access to broadband last year.
Old-young farmer
There are a number of young trained farmers who are under the age of 40 and started farming prior to January 2008. Some of these farmers have low or in some cases no Basic Payment entitlements. Macra would like these farmers to get a tax credit on the cost of purchase of entitlements valued at the national average.
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Budget 2018: PTO scheme and extra ANC money for ICSA
Budget 2018: what the IFA wants
Macra na Feirme would like to see the introduction of an income volatility initiative and the rollout of rural broadband across Ireland in Budget 2018.
According to Macra, the volatility initiative would enable farmers to deposit a defined percentage of profits to a fund over a five-year period. The fund would be managed by regulated co-ops and agricultural merchants that traded with the farmer, and the farmer would be able to withdraw funds during difficult years.
Farm income and tax
In regard to income and tax, Macra wants to see:
Capital acquisition tax thresholds increase.An extension of stamp duty on consanguinity relief beyond 31 December 2017.An increase in the 100% young trained farmer stock relief from €75,000 to €150,000. An increase in the stock relief age limit to 40.Rural broadband
Macra president James Healy has also called for the introduction of rural broadband,saying: “Social and economic opportunities in rural Ireland require the immediate and progressive rollout of broadband to all of rural Ireland, not just the easily accessible parts.”
Rural Ireland has been repeatedly promised broadband over the last decade, with only 61.1% of households in rural areas having access to broadband last year.
Old-young farmer
There are a number of young trained farmers who are under the age of 40 and started farming prior to January 2008. Some of these farmers have low or in some cases no Basic Payment entitlements. Macra would like these farmers to get a tax credit on the cost of purchase of entitlements valued at the national average.
Read more
Budget 2018: PTO scheme and extra ANC money for ICSA
Budget 2018: what the IFA wants
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