Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Farming grants in tax return

stainluss · 2018-08-09 10:27:52

Do I include farming grants in my tax return? (e.g. if there is some left over is it considered a profit?)

09-08-2018 11:27AM

#1

stainluss

Registered Users, Registered Users 2 Posts: 868 ✭✭✭

Join Date: July 2007

Posts: 601

Do I include farming grants in my tax return? (e.g. if there is some left over is it considered a profit?)

0

Comments

#2 09-08-2018 10:54PM

duffysfarm

Registered Users, Registered Users 2 Posts: 862 ✭✭✭

Join Date: April 2013

Posts: 716

Not trying to be smart but if you have to ask that question should you be doing your own tax return? A good accountant will pay for themselves. Do you know what stock relief is?

To answer your question it depends on what type of grant. If it's single farm payment then it's taxable income. There is a seperate box for it in form 11. If it's a building grant then it's offset against cost of building and then capital allowances on the balance.

0