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christmas trees

  • 29-06-2010 11:56am
    #1
    mirror mirror
    Closed Accounts Posts: 363 ✭✭


    i was thinking of sowing xmas trees on an acre of ground i have ,sell them when they mature enough. with the sale of these trees what if any tax do you pay?


Comments

  • #2
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,810 Mod ✭✭✭✭blue5000


    tax free AFAIK You might want to stagger the planting over three years so you'll have a crop every year

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



  • #3
    Caoimhín
    Closed Accounts Posts: 3,789 ✭✭✭Caoimhín


    Christmas trees require a LOT of care and maintenance. They need to be shaped and sprayed every year as well as a few applications of appropriate fertilizer. It is not a case of just sticking them in the ground and waiting for 10 years until the money rolls in.


  • #4
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,892 ✭✭✭allthedoyles


    A lot of work involved ............
    • spraying
    • weeding
    • thinning
    • pruning
    Up to 5 years before you see any profit.

    These guys may be able to help you :
    http://www.greenbelt.ie/


  • #5
    T-Square
    Registered Users, Registered Users 2 Posts: 755 ✭✭✭T-Square


    allthedoyles wrote: »
    A lot of work involved ............
    • spraying
    • weeding
    • thinning
    • pruning
    Up to 5 years before you see any profit.

    To eliminate some of the above completely unnecessary tasks
    Sell the tress like this...
    • organic (no spraying)
    • environmentally friendly (birds and small animals love weeds)
    • plant them properly first time around


  • #6
    JohnBoy
    Registered Users, Registered Users 2 Posts: 2,342 ✭✭✭JohnBoy


    dont think they're tax free, they're not forestry per se, they're a crop like any other, just a slow growing one.


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  • #7
    bogman_bass
    Registered Users, Registered Users 2 Posts: 5,101 ✭✭✭bogman_bass


    T-Square wrote: »
    • plant them properly first time around

    so plant them at their final spacing from the start? sounds like a shortcut to crooked trees to me!


  • #8
    John_F
    Registered Users, Registered Users 2 Posts: 663 ✭✭✭John_F


    T-Square wrote: »
    To eliminate some of the above completely unnecessary tasks
    Sell the tress like this...
    • organic (no spraying)
    • environmentally friendly (birds and small animals love weeds)
    • plant them properly first time around

    you like the pruning you do?? and who will buy 'organic' timber?? and and trees are environmentally friendly (as far as i know)

    OP: did ya source any teagasc advisor or independent consultant to asses the site etc?


  • #9
    mirror mirror
    Closed Accounts Posts: 363 ✭✭mirror mirror


    thanks for all the replies..one more thing, would the council be out looking for rates or any such ? . seeing as it would be a commercial business i thought the revenue would be very interested .


  • #10
    Caoimhín
    Closed Accounts Posts: 3,789 ✭✭✭Caoimhín


    The council wont bother you but xmas trees are subject to Vat and other income taxes unlike commercial forestry.


  • #11
    mirror mirror
    Closed Accounts Posts: 363 ✭✭mirror mirror


    Caoimhín wrote: »
    The council wont bother you but xmas trees are subject to Vat and other income taxes unlike commercial forestry.
    so i would have to register for vat and declare the income derived from sales of the trees ?:confused:


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  • #12
    Caoimhín
    Closed Accounts Posts: 3,789 ✭✭✭Caoimhín


    mirror mirror wrote: »
    so i would have to register for vat and declare the income derived from sales of the trees ?:confused:

    As far as i know it is classed as an agricultural activity so you wouldnt have to charge vat but if you are registered for VAT you could claim if back off the saplings, fertilizer and herbicide if you are registered.

    Selling the xmas trees are, like any farming income, subject to PRSI and income tax.


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