Topics: Income tax, CGT, tax advice, NEWS, capital acquisitions tax
Topics: VAT, Registration, tax advice, revenue
If you could reduce your tax bill by 90% you would, wouldn't you? In the world of tax there is a taxable reduction known as agricultural relief and it can reduce your tax bill by a gigantic amount!
To many people being told that they are entitled to this relief is life transformative. The worst case scenario is that they inherit or are gifted a farm and they aren't entitled to the relief. Such a situation can leave people with an unmanageable liability.
Topics: CAT, 80% rule, active farmer, tax saving, tax-guide, tax advice