Karen Walsh: Should I pass on the farm to my son now or when I have passed on?

It very much depends on a wide variety of factors, such as family circumstances, whether there is a child farming and the tax implications

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Dear Karen

I am farming since I left school when I turned 14, and now I have a son about to turn 35 in the next few months, and I cannot make up my mind as to whether I should transfer the farm to him in my lifetime, or if I should leave it passed in a will? If I am going to do it in my lifetime, I really should make a decision now before he turns 35, so he can avail of young trained farmer relief.

https://www.irishexaminer.com/farming/arid-41145616.html

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