While such tax supports can apply to all Irish companies, due to lack of take-up in the sector, they have become more targeted at SMEs - most recently with the announced increase in the R&D tax credit to 30% for such entities.
Funding tax on inheritances can often cause problems for the beneficiary. Solutions may be available and these all should be considered well in advance
There can be significant advantages here – but this needs to be approached with eyes wide open. Starting out can have costs and the farmer should retain some flexibility for the future
