Stock relief - deer farming
05/05/1992
Query
Is deer farming regarded as a separate trade from farming?. Are deer regarded as trading stock for the purposes of stock relief ?.
Decision
A person involved in deer farming is regarded as carrying on the trade of farming. Where deer farming is carried on in conjunction with another farming enterprise, the two enterprises are regarded as one trade for the purposes of tax. Deer are regarded as trading stock for the purposes of stock relief .
Income Tax
Section 665, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT923019