Login

Question asked:

0
0

Hi Alan
1. I have a client who has a 67 acre farm which he is presently farming and is keen to enter qualifying lease and have the income exempt from income tax. However, as he is only in his late 40’s and I presume he will not be able to avail of the tax exemption on income from this letting because of age. However I note in Taxmagic one of the conditions is where he cannot carry on farming because of physical or mental incapacity and I note in your tips you state “incapacity is not rigidly interpreted”. Can you give me a little more detail on what my client would have to prove/do to get Revenue approval?

Marked as spam
Posted by (Questions: 16, Answers: 2)
Asked on 10 August 2017 3:17 pm
49 views