Age limit on Inheritance

Hi There,
My brother in law is going to inherit the family farm when the time arrives (One parent still alive). I seem to remember reading an article somewhere that if he inherited the property before the age of 33, his tax implications would be lower. Now I am not suggesting he bumbs off his mam, but is there any truth in this. Could he inherit the property now or get it as a gift.

90% relief is available on CAT on agricultural property if you are a
farmer and meet the requirements. Its not age related and applies to either gifts or inheritances.

Thanks for the reply capall. I there anywhere you know I could look for further info.

On the revenue site under leaflets and guides this have a leaflet CAT5 on ag relief.
The main requirement is that after the gift/inheritance 80% of the gross value of your assets is comprised of
agricultural property

transfer of farm

"I seem to remember reading an article somewhere that if he inherited the property before the age of 33, his tax implications would be lower"

The age you are thinking of is probably 35. If your brother is a "young trained farmer" - i.e. under the age of 35 and holder of a "green cert" or equivalent qualification, he gets a stamp duty exemption. With stamp duty on a transfer of farmland being 4.5% between blood relatives, this is a significant relief.

As other have already pointed out, there are no inheritance tax consequences either way.