Farm Finance: TAMS3 or TAMS not to be? Is it worth applying?
There are several considerations farmers must make before deciding if the new grants are suitable for their situation, writes agricultural accountant and tax advisor Kieran Coughlan.
The new TAMS offers a 60% grant level and an independent TAMS threshold for solar panels, along with an increase in the size of the available investments from 12kW to 62kW.
The long-awaited TAMS 3 list is out, with the first TAMS tranche deadline set for June 16 this year. Tranche 1 opens next Wednesday, February 22, with solar panels being the first available investment.
Next to follow will be the Animal Welfare, Nutrient Storage Scheme (AWNSS) by mid-March, and the remaining schemes will be open for applications on a phased basis by the end of May.
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