Benefits of long-term land leasing
Long-term land leasing is getting increasingly popular, and Gordon Peppard, Teagasc Collaborative Farming Specialist, explains the many benefits this brings. Some of the points he highlights include enhanced tax relief incentives, advantages for the lessee and details on stamping the lease. Enhanced income tax incentives makes long term land leasing more attractive to landowners who do not wish to farm the land themselves. Table 1: Income tax incentives for long-term…