Online tax guide is a useful tool for farm partnerships

Revenue has issued a revised income tax guideline booklet to assist in the formation and operation of registered farm partnerships.

Teagasc farm structures specialist Thomas Curran has worked closely with Revenue staff to ensure the document is made available to accountants and tax advisers as an online publication.

He said the booklet will with accountants and tax advisors clarity in setting up farm partnership correctly while also providing guidance on the completion of income tax returns for each partner on an annual basis.