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Long-Term Land Leasing

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  • 02-12-2023 5:29pm
    #1
    Curious Geroge
    Registered Users Posts: 1,014 ✭✭✭


    Wondered if anyone has done the Long-Term Land Leasing that allows for tax relief? What has your experience of qualifying been like, does it take long, when is the best time of year to advertise, where's the best place to advertise, what to expect in terms of price per acre, how are payments signed over etc .

    https://www.teagasc.ie/rural-economy/rural-development/diversification/long-term-land-leasing/



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    #2
    massey 265
    Registered Users Posts: 157 ✭✭massey 265


    Have an outside block leased for last 15 yrs.i find that by using local auctioneer that it makes it easier as they will have a master lease that qualifies you for the tax relief and also the leasee will be paying the auctioneer and auctioneer then pays you.auctioneer fee approx 100 annually which is well worth it in my view.lease prices vary depending on land quality,location and demand but remember its not nessarlly the highest bidder that would be the best choice of leasee as this is a long term commitment ,so a bit of background on any potential leasee would be benificial.leases are usually paid in 2 moities eg march and september but this can be agreed between parties at lease signing.All thet said a neighbour is having problems already with a lease that only commenced last march with leasee looking to reduce lease price and year 1 not even up yet so tread carefully.



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    #3
    youllbemine
    Registered Users Posts: 181 ✭✭youllbemine


    https://www.boards.ie/discussion/comment/121446267#Comment_121446267

    A farmer who didn’t do their sums no doubt



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    #4
    youllbemine
    Registered Users Posts: 181 ✭✭youllbemine


    https://www.boards.ie/discussion/comment/121446456#Comment_121446456

    Or worse again, did their sums and thought the could do a fast one!



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    #5
    Donald Trump
    Registered Users Posts: 19,826 ✭✭✭✭Donald Trump


    https://www.boards.ie/discussion/comment/121446267#Comment_121446267


    All the auctioneer will be doing for his 100 quid a year is receiving the cheque from the lessee (assuming it comes in), buying a stamp, and forwarding it on to you.

    Those master lease templates are freely available online. From the likes of the IFA website or similar.



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