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Farm partnerships & taxation

GWhelan · 2019-03-03 13:39:20

Hi looking for advice please, I’m currently a self employed builder & jointly accessed with my wife (PAYE) Iv recently inherited a farm & so has my brother.. we re thinking of farming together but no idea of the tax implications of this ... do we need to form a partnership & will that be totally separate.. we want to keep…

03-03-2019 1:39pm

#1

GWhelan

Registered Users, Registered Users 2 Posts: 5 ✭

Join Date: March 2019

Posts: 0

Hi looking for advice please, I’m currently a self employed builder & jointly accessed with my wife (PAYE) Iv recently inherited a farm & so has my brother.. we re thinking of farming together but no idea of the tax implications of this ... do we need to form a partnership & will that be totally separate.. we want to keep our own affairs separate from the farm ... what’s the best way to do this?? Suggestions, recommendations please !

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