Young trained farmer relief - qualification not achieved within the time limit
Posted on: 25 August 2022
A young trained farmer can avoid stamp duty (7.5%) on the transfer of a farm. A young trained farmer is a farmer who has achieved a listed farming qualification and who is under 35 years of age. The farmer can also qualify if s/he achieves the qualification within four years of the transfer and then continues to farm the land for five years.
In appeal decision 93TACD2022 relief (SDCA 1999 s 81AA) was denied as the appellant did not achieve the standard within the time limit.