{"id":2664,"date":"2025-10-02T11:16:38","date_gmt":"2025-10-02T10:16:38","guid":{"rendered":"https:\/\/mariawalsh.eu\/?p=2664"},"modified":"2025-10-02T11:16:39","modified_gmt":"2025-10-02T10:16:39","slug":"inheritance-tax-threshold-for-farm-succession-should-be-increased-in-budget-2026-mep-maria-walsh","status":"publish","type":"post","link":"https:\/\/mariawalsh.eu\/ga\/inheritance-tax-threshold-for-farm-succession-should-be-increased-in-budget-2026-mep-maria-walsh\/","title":{"rendered":"Inheritance tax threshold for farm succession should be increased in Budget 2026 &#8211; MEP Maria Walsh"},"content":{"rendered":"\n<p><strong>Budget 2026 should include changes to the inheritance tax system to facilitate easier land transfer within farm families, a Fine Gael MEP has said.&nbsp;<\/strong><\/p>\n\n\n\n<p>MEP Maria Walsh is a full member of the European Parliament\u2019s Agriculture Committee and is calling on the Government to end the inequitable tax regime which penalises farmers without children.&nbsp;<\/p>\n\n\n\n<p><strong>Maria Walsh MEP said:<\/strong><\/p>\n\n\n\n<p>\u201cBudget 2026 presents an opportunity to end the unfairness that persists within our inheritance tax system. An unfairness which has impeded succession planning and access to land for the next generation of farmers.&nbsp;<\/p>\n\n\n\n<p>\u201cFor far too long, not having children has come with a hefty financial cost for farmers. While parents can pass on assets of \u20ac400,000 tax free to their children, this reduces to \u20ac40,000 for members of one\u2019s extended family. For farmers, this means they are doubly penalised in terms of passing on their home and business to the next generation.&nbsp;<\/p>\n\n\n\n<p>\u201cThis is a two-fold issue; providing our older farmers with the peace of mind that they have provided for the next generation, and removing barriers to access to land for young farmers.&nbsp;<\/p>\n\n\n\n<p>\u201cWe are currently facing major issues in supporting our young farmers. Only 7% of Irish farmers are under 35, with the average age standing at 58 years old. If we\u2019re serious about getting more young people into farming, we need to remove financial barriers that are overly prohibitive.<\/p>\n\n\n\n<p>\u201cMany farm families do not have natural successors for their land &#8211; this reality should not come with a financial cost. As the nature of our families grow and change, our laws too must evolve. There is also the added layer of complexity that for many farmers, the transfer of land is not merely a financial transaction. It is a way of preserving culture, traditions and generational bonds.&nbsp;<\/p>\n\n\n\n<p>\u201cNext week, the Government has an opportunity to increase the threshold beyond its current \u20ac40,000 &#8211; I urge it to do so and show its commitment to our farm families through tangible actions over mere words.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget 2026 should include changes to the inheritance tax system to facilitate easier land transfer within farm families, a Fine Gael MEP has said.&nbsp; MEP Maria Walsh is a full member of the European Parliament\u2019s Agriculture Committee and is calling on the Government to end the inequitable tax regime which penalises farmers without children.&nbsp; Maria [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[100,58],"tags":[39],"class_list":["post-2664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-news","tag-agriculture"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inheritance tax threshold for farm succession should be increased in Budget 2026 - MEP Maria Walsh | Maria Walsh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mariawalsh.eu\/ga\/inheritance-tax-threshold-for-farm-succession-should-be-increased-in-budget-2026-mep-maria-walsh\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inheritance tax threshold for farm succession should be increased in Budget 2026 - MEP Maria Walsh | Maria Walsh\" \/>\n<meta property=\"og:description\" content=\"Budget 2026 should include changes to the inheritance tax system to facilitate easier land transfer within farm families, a Fine Gael MEP has said.&nbsp; 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