Irish Revenue has updated TDM Part 38-01-04I for the Income tax return form 2024, clarifying the S. 664 farmland leasing exemption, confirming ROS Form 11 updates and referencing filing guidance and deadlines.
Irish Revenue has published eBrief No. 015/26 on 19 January 2026, announcing updates to Tax and Duty Manual (TDM) Part 38-01-04I relating to the Income tax return form 2024.
The manual has been amended to include a clarification at paragraph 4.2, Commercial property, land and other sources of Irish rental income. Revenue confirmed that where an exemption is claimed under S. 664 for income from the leasing of farmland, a seven-year holding requirement applies to land purchased on or after 1 January 2024. An exception to this seven-year holding requirement applies where land is transferred to a surviving spouse or civil partner on the death of a joint owner.
Revenue noted that the 2024 ROS Form 11 has been available since 1 January 2025, both online and through the Return Preparation Facility (RPF). An updated version of the 2024 ROS Form 11 was released in June 2025, and the current manual incorporates these June updates along with other changes to the form.
