Revenue has updated its Stamp Duty Manual to reflect recent amendments provided for by Finance Act 2023.
Section 81AA SDCA 1999 provides for relief from stamp duty on transfers of land to young trained farmers. The updated manual has been amended as follows:
- The extension of young trained farmer relief to 31 December 2025.
- To comply with EU State aid rules, a reduction from four years to three years in respect of the period of time that a person may obtain a relevant farming qualification after acquiring land and qualify for relief under section 81AA.
Section 81C SDCA 1999, farm consolidation relief, has also been extended until 31 December 2025 and the Stamp Duty manual has been updated accordingly.
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