Revenue E-Brief

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Revenue E-Brief Issue 183/19, 15 October 2019

Income tax: restriction of relief for losses in farming or market gardening

Section 662 of the Taxes Consolidation Act 1997 restricts income tax relief for losses incurred in a trade of farming or market gardening. Tax and Duty Manual Part 23-01-05, which addressed the issue of losses incurred due to the burden of loans, has been expanded to include an overview of how this restriction operates.

15 October 2019