Revenue eBrief No. 003/19
09 January 2019
Averaging of farm profits
Tax and Duty Manual Part 23-01-34, which deals with income averaging for farmers under section 657 TCA, has been updated to take account of amendments in Finance Act 2018.
With effect from 1 January 2019, the availability of income averaging is extended to farmers where they, or their spouse or civil partner, has an off-farm trade or profession.