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Selling the farm. Leasing some or all of the land. Transferring the farm to a family member or child. Whatever you decide, ensure you get all the necessary specialist expert advice, such as that from a tax consultant, accountant and solicitor, to make sure you make the most tax-efficient, informed and relevant decision for you and your personal circumstances. Selling the farm Most family farms in Ireland are inherited, only about 5% of farms are sold. If you decide to sell your farm you may be liable to capital gains tax (CGT). CGT is a tax you pay on any profit/gain made when you dispose of an asset (such as land). ....