Capital Allowances (Mushroom growing)
28/06/1999
Query
Is mushroom growing in tunnels regarded as farming within the meaning of Section 654 Taxes Consolidation Act 1997.
Decision
Mushroom growing in tunnels is not regarded as farming within the meaning of Section 654 Taxes Consolidation Act 1997. It is regarded as market gardening. As a consequence, farm buildings allowance, income averaging and stock relief is not available. An industrial buildings allowance is available at the rate of 10%.
Income Tax
Section 654, Taxes Consolidation Act, 1997
Origin: Office of the Chief Inspector of Taxes
File ref:it983056