Revenue eBrief No. 128/19
27 June 2019
Farm buildings allowances
Section 658 of the Taxes Consolidation Act 1997 makes provision for allowances, referred to as “farm buildings allowances”, for capital expenditure on the construction of farm buildings and other works.
Tax and Duty Manual Part 23-01-07, which outlines the circumstances in which farm buildings allowances are available to racehorse trainers, has been expanded to include a general overview of the allowances.