Deductible agricultural expenses

All expenses incurred in acquiring or maintaining agricultural income are deductible, inter alia:

  • cash wages paid to those who work on the farm;
  • expenses for acquisition of seeds, fertilizers, soil improvement and plant, protection compounds, fodder, fuels and lubricants as well as electrical power for use on the farm;
  • expenses for acquisition of livestock for use on the farm;
  • expenses for acquisition and renovation of buildings and constructions on the farm, machines, tools and appliances used on the farm, as well as for pipe draining, bridges, dams and similar equipment;
  • expenses for livestock inspections, veterinary medicine services, soil fertility analyses, etc.;
  • insurance premiums paid for buildings and other agricultural assets on the farm;
  • expenses for repair and maintenance of buildings and construction on the farm, as well as machines, tools, appliances, ditches, bridges, fences, roads, etc. used on the farm;
  • expenses for lighting and heating, etc. in buildings on the farm;
  • the stumpage value of timber from the farm's own forest for use on the farm for purposes other than construction and repair of buildings and constructions used in farm production;
  • rents and other compensations for agricultural land, buildings, machines, tools and appliances as well as other production equipment;
  • the part not written off in taxation of the acquisition expense for property transferred by the taxpayer to agriculture from another income source, or such higher amount which has been deemed to be the taxable sales price in that income source;
  • real estate tax, to the extent that it pertains to property used on the farm.

Statistics using this definition

Share