Tax Relief

B

Benny

New Member
Hi Group,
I’m just looking for some advice on terms of tax relief. I was locked up with TB late last year so I had a lot of extra stock sales this year. I’m just looking for advice on spending the extra money in which will be the best for tax ? I’d prefer to spend it in such a way that it can all be used as expenses instead of depreciation if that’s possible at all -
I could change the tractor but am in no real rush? ( deprecation I no )
I could change and existing crush and expand it as a new dry shed ? Depreciation aswel
I have fencing and some smaller farm tools I could tidy up with around the yard ?
Any feedback would be great thanks
 
Benny said:
Hi Group,
I’m just looking for some advice on terms of tax relief. I was locked up with TB late last year so I had a lot of extra stock sales this year. I’m just looking for advice on spending the extra money in which will be the best for tax ? I’d prefer to spend it in such a way that it can all be used as expenses instead of depreciation if that’s possible at all -
I could change the tractor but am in no real rush? ( deprecation I no )
I could change and existing crush and expand it as a new dry shed ? Depreciation aswel
I have fencing and some smaller farm tools I could tidy up with around the yard ?
Any feedback would be great thanks
Click to expand...
lime and fertiliser would be the most efficent ways to spend money and repairs to buildings or machinery are tax allowable too
 
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