How do you save money on tax?

Because every farmer is different, there’s no easy answer to this complicated question. However, there’s a long list of tax-saving tips that can reduce taxable income. Farmers should use every available tax-saving tip to which you’re entitled, because overlooked tax deductions are wasted opportunities.

From reducing your income tax, to ensuring that inheritance tax and capital gains tax allowances are best used to reduce your taxable income, this is a must read for all farmers.

Use this Focus supplement and decide which ones are applicable to you, and which ones to take advantage of.

To help farmers decide this is the definitive list of the 50 best tax deductions and tips for 2017.

Thanks to Declan McEvoy, head of tax with IFAC for his contributions to compiling this supplement.

Click here for tips regarding Stamp Duty

Click here on tips regarding VAT

Click here for tips regarding Capital Gains Tax

Click here for tips regarding Income Tax

Click here for tips regarding Gift Tax

Click here for tips regarding Corporation Tax