Accounts

Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Leasing Farm Land – tax relief

Leasing Farm Land – tax relief

Leasing farm land
 
You may claim Income Tax (IT) relief on certain income that you earn from the long-term leasing of your farm land.
 
Your farm land must be in Ireland and the tax relief cannot operate to create a loss. You cannot lease your land to a close relative.
 
For your lease to qualify, your lease must be:
 
a) in writing or evidenced in writing
 
b) for a definite term of five years or more
 
c) for the purpose of working the land with the aim of taking produce from the land. For example, normal farming, market gardening, horse breeding, cattle dealing or fruit growing.
Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie
 
© 2024 Oliver Niland & Co – Chartered Accountant and Tax Specialists | Powered by Outstandingthemes