Hello,
My parents are thinking about gifting me some land. They are over 70 but they are not farmers. I am a full time farmer. I have been leasing part of their land for the last 10 years. Now they are thinking to give me the land that I have been leasing plus a bit more.
I know there are various relieves if it is a farmer to farmer transfer, but my parents are not farmers, and I am struggling to find information for our specific situation.
I was wondering which taxes we will have to pay: CAT (me?), CGT(them), stamp duty(me?), anything else? And are there any relief from these taxes?
Thanks.