Revenue eBrief No. 052/23
09 March 2023
Stamp Duty Manual Part 7: Section 81AA - Transfers of land to young trained farmers - updated
Section 81AA of the Stamp Duties Consolidation Act (SDCA) 1999 provides for relief from stamp duty on the transfer of agricultural land where the individual acquiring the land:
- is under 35 years of age on the date of execution of the deed of transfer,
- holds a relevant agricultural qualification, and
- spends not less than 50% of his or her normal working time farming the land for a period of not less than 5 years from the time the land is conveyed or transferred.
Stamp Duty Manual Part 7: Section 81AA provides general guidance on the operation of the relief and has been updated to state that Revenue accepts the requirement that the transferee spends at least 50% of his or her normal working time farming the transferred land may be satisfied where he or she carries out the farming activities through a company or a partnership.