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what to do?

jack77 · 2011-10-26 17:13:30

i'm starting to farm a few acres next year, only 4 r 5 cattle and have a full time job, what do i need to do tax wise? i know i could just try and go unnoticed but i'd prefer to be up front if possible. i'm doing a lot of the ground work this year, reroofing, stock proofing etc. but wont actually have any stock till next…

26-10-2011 5:13pm

#1

jack77

Registered Users, Registered Users 2 Posts: 115 ✭✭

Join Date: September 2011

Posts: 86

i'm starting to farm a few acres next year, only 4 r 5 cattle and have a full time job, what do i need to do tax wise? i know i could just try and go unnoticed but i'd prefer to be up front if possible. i'm doing a lot of the ground work this year, reroofing, stock proofing etc. but wont actually have any stock till next march r april. can i claim vat on expenses incurred this year or can i claim them next year? i havn't registered for my herd number as i have to stock with in 3 months then and dont want to get straight into buying feed.

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