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Form 11:Farm Payments

  • 26-08-2019 7:38am
    #1
    the whole year inn
    Registered Users, Registered Users 2 Posts: 7,123 ✭✭✭


    My mother has a form 11 to fill in for farm payments but there is 40 pages to this form and dont know where to start. What section is the farm payments on , would she have to put payments received from selling cattle. The farm is small .


Comments

  • #2
    Stratvs
    Registered Users, Registered Users 2 Posts: 958 ✭✭✭Stratvs


    With ref. to your other (presumably related) thread

    https://www.boards.ie/vbulletin/showthread.php?p=111049140

    Am I reading from both threads that she has both DAFM income and income from sale of cattle? While DAFM income is simple to record on the F11 if there are cattle sales then there are expenses feed/veterinary/repairs etc. which would be relevant and would reduce income. Is there other income which might be relevant ( long term land letting, DEASP pension etc.)

    Section B of the F11 relates to self-employed incomes incl. farming but if you're not at all sure what you're doing I think that a farm tax advisor/accountant would be worth the cost to have it done correctly.


  • #3
    the whole year inn
    Registered Users, Registered Users 2 Posts: 7,123 ✭✭✭the whole year inn


    Stratvs wrote: »
    With ref. to your other (presumably related) thread

    https://www.boards.ie/vbulletin/showthread.php?p=111049140

    Am I reading from both threads that she has both DAFM income and income from sale of cattle? While DAFM income is simple to record on the F11 if there are cattle sales then there are expenses feed/veterinary/repairs etc. which would be relevant and would reduce income. Is there other income which might be relevant ( long term land letting, DEASP pension etc.)

    Section B of the F11 relates to self-employed incomes incl. farming but if you're not at all sure what you're doing I think that a farm tax advisor/accountant would be worth the cost to have it done correctly.

    What section would the DAFM payment be entered.
    Yes there is cattle payments , and there are expenses , stakes, making silage , vets , nuts etc .


  • #4
    Stratvs
    Registered Users, Registered Users 2 Posts: 958 ✭✭✭Stratvs


    the whole year inn wrote: »
    What section would the DAFM payment be entered.
    Yes there is cattle payments , and there are expenses , stakes, making silage , vets , nuts etc .

    Well then you have a regular farm enterprise, not just some small income from DAFM that could be slotted into the Form 11 to satisfy the HSE. You can't file just that one it's own without returning the rest of the enterprise's results.

    Entries need to be made ( once relevant income & expenditure has been computed ) into a number of parts of section B in the form. And of course in addition to that any other non-farming income and any allowances, & reliefs must be entered on the F11 so that a complete return for the year is prepared for submission to Revenue.

    I'll repeat my previous comment, if you're not at all sure what you're doing I think that a farm tax advisor/accountant would be worth the cost to have it done correctly.


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