Family workers can help reduce your tax bill

IT is a common occurrence for family members to assist in running the family farm.

Family workers can help reduce your tax bill

All members of the family are usually brought in to assist at various busy times, and particularly at holiday periods. It’s often common that young family members are not paid directly for their farm work, but they may get college fees paid, diesel for the car, and some pocket money for the weekend.

Likewise, traditionally the farmer’s wife worked in the home and also assisted in the farm, but would not have been formally recognised as being actively involved in the farm business, either as a partner in the business or as a salaried employee.

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