Julie Butler

JULIE BUTLER FCA considers the tax consequences of casual letting arrangements.

IN AN EFFORT to overcome the decline in farming incomes, many landowners are engaging in casual letting or grazing agreements. Likewise, farming units are trying to take on more land under management in order to take advantage of the economies of scale.

Milk quota and a 'fungible' asset
It is understood that the Revenue takes the not unreasonable view that milk quota is a fungible asset. It is worth considering what benefit this could have to the farmer.