Connaughton: Huge demand for rental land

Auctioneer Ivan Connaughton believes 2016 will again see big demand for lands to let in the Roscommon and Galway region.

  Speaking to the Roscommon People, Ivan states “All short term leases we handle at Connaughton Auctioneers are being renewed and this week alone, our office is inundated with enquiries looking for lands to lease both short and long term from as little as 5 acres up to 200 acres. From enquiries to date this year, I estimate in excess of 5,000 acres are needed to meet current demand.

  “The incentive for anyone wishing to lease their land long term is a major contributor to releasing lands to let into the market. For leases of 5 or 6 years, the first €18,000 is exempt from tax, with the amount increasing for leases on longer terms. Ivan states “I regularly inform landowners of the benefits of letting their land long term to avail of the tax exemption, which can include entitlements. However, in many cases this does not suit landowners or prospective tenants and a short term letting for 10 or 11 months can be agreed”.

  Anyone looking for information on leasing land can contact Auctioneer Ivan Connaughton, Athleague on 090-6663700 or 086-8985013.