Revenue eBrief No. 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.