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Taxation

Farm Tax 3-Part Series

Course Summary

3 hours webinar

€ 99

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Farm Tax 3-Part Series

Schedule

  • 04
    May
    12:30 - 13:30 Book the FULL 3-Part Farm Tax Series, €99
  • 04
    May
    12:30 - 13:30 Part 2 - Farm Business Structures, €38
  • 08
    Jun
    12:30 - 13:30 Part 3 - Farm Succession, €38

Farm Tax 3-Part Series

3 Hours Taxation
Declan McEvoy & John Murphy

The 3 part Farm Tax Series for 2021 is made up of 3 individual events throughout the year. Book all 3 to get a discounted rate. If purchasing after the start date, any missed sessions will be available as online CPD.


Part 1 – Farm Tax – Back to Basics – Finished

Date: Tuesday, 20 April
Time: 12:30 – 13:30

In this webinar, Declan McEvoy will cover the following topics:

  • A review of the various farm specific income Tax reliefs and allowances
  • The stock tax valuation rules
  • Addbacks for personal use
  • Motor expenses
  • Family labour
  • Stock relief including for young trained farmer and reg farm partnership
  • Income averaging
  • Succession tax credit
  • The €70,000 ceiling Trap
  • Forestry

Part 2 – Farm Structures

Date: Tuesday, 04 May
Time: 12:30 – 13:30

Topics covered will include an overview of the different types of farm structures:

  • Sole trader-minimising your tax within this structure and availing of all reliefs-revisited
  • Why the need to look at structure
  • Interaction with dept of agri-schemes
  • Partnerships-examining the types of partnerships and the reason behind same including non tax issues
  • Limited company
  • Hybrid structures and the reason for same
  • A practical approach to the various structures with practical examples

Part 3 – Farm Succession

Date: Tuesday, 08 June
Time: 12:30 – 13:30

In this webinar, topics covered will include:

  • A look at farm succession from both a family, business and Tax perspective
  • Examining what are the issues
  • Dealing with family
  • Looking at tax reliefs and what to look out for
  • Traps
  • Tips
  • The importance of a family discussion
  • This approach is not just tax but looking at the overall picture

CPD Course Speaker:

Declan McEvoy – IFAC

An AITI Chartered Tax Adviser (CTA) and Member of STEP-society of trust and estate practitioners, Declan McEvoy is Head of Tax for IFAC.

Declan has extensive experience and expertise in personal and corporate tax planning, estate and succession planning, tax-based investment and financial structuring for family and farm businesses.

A leading authority on farm taxation, Declan was co-author of ‘Farming in a Limited Company – is it right for you?’

Declan is also an Irish Tax Institute Registered Tax Consultant and frequently speaks at national seminars and client workshops for professional bodies, farm organisations, banks, farm groups.


CPD Course Facilitators:

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.  In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.