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Farming Tax computation

Peachy1 · 2012-08-27 08:58:35

Hi Does anyone know if you addback livery in a tax computation for a farmer? Thanks

27-08-2012 8:58am

#1

Peachy1

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Join Date: March 2009

Posts: 8

Hi
Does anyone know if you addback livery in a tax computation for a farmer?
Thanks

0

Comments

#2 27-08-2012 9:06am

barneystinson

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Posts: 4606

Peachy1 wrote: »

Hi
Does anyone know if you addback livery in a tax computation for a farmer?
Thanks

How long is a piece of string! It depends, does it pass the "wholly and exclusively" test? What is the liveried animal used for, is it part of the farming trade? Will the proceeds on its sale be taxable as farm income?

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