Kieran Coughlan: Your options for reducing your tax bill ahead of year-end

Fix the leaking tap, hang the sagging gate, replace the sluggish battery and ditch the dodgy starter, get to grips with new tyres for your beloved tractor or loader that’s balder than yourself — all of these expenses will save you tax at your marginal rate

It's very difficult to spend one’s way entirely out of a tax bill.

Dairy and beef farmers have, in the main, made decent profits in 2025, albeit the outlook for the two sectors could not be more different for 2026. 

Farmers should, in the first instance, ensure they have enough cash flow to carry themselves through until the next period of positive cash flow.