Tax reliefs related to farming

Stock relief

You may be entitled to a tax deduction in respect of increases in the value of your farm trading stock. 

Stock relief is given as a deduction from trading income. It is calculated by reference to the increase in value of farm trading stock over an accounting period.

The deduction is a defined percentage of the increase in value of trading stock as follows:

Stock relief applies for accounting periods ending on or before 31 December 2021.

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