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All Things Tax and Accounting

Tag: deduction

The Demise of the Hobby Farm?

THE NON COMMERCIAL LOSS RULES JUST BECAME HARDER TO PASS. As you will no doubt be aware, if you run a loss making business as a partnership or a sole trader, the loss may be set off against your other income, reducing your overall tax liability. In order to prevent individuals setting up businesses that… Read More The Demise of the Hobby Farm?

March 19, 2013August 19, 2013 Lindsay BridglandLeave a comment

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