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Farm Business
Agricultural Matters
Farming in France
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<blockquote data-quote="czechmate" data-source="post: 7840434" data-attributes="member: 52"><p>There is a scheme for small one man band business. I think you may be looking at that<img class="smilie smilie--emoji" loading="lazy" alt="🤔" title="Thinking face :thinking:" src="https://cdn.jsdelivr.net/joypixels/assets/6.5/png/unicode/64/1f914.png" data-shortname=":thinking:" /></p><p>Msa is 44% off profit, that is deducted off the remaining profit and tax is 8% of that. However it’s not as bad as that sounds, as that 44% you pay is deductible off next years profit. Plus, as a small farmer when you sell machinery, the profit over the depreciated amount on your books does not go onto your profit. Basically you have to keep buying and selling machinery and msa is not arduous at all. We have made some good profits over the 8 years but so far have paid very little msa or tax. But do have a lot of machinery <img class="smilie smilie--emoji" loading="lazy" alt="🙄" title="Face with rolling eyes :rolling_eyes:" src="https://cdn.jsdelivr.net/joypixels/assets/6.5/png/unicode/64/1f644.png" data-shortname=":rolling_eyes:" /></p></blockquote><p></p>
[QUOTE="czechmate, post: 7840434, member: 52"] There is a scheme for small one man band business. I think you may be looking at that🤔 Msa is 44% off profit, that is deducted off the remaining profit and tax is 8% of that. However it’s not as bad as that sounds, as that 44% you pay is deductible off next years profit. Plus, as a small farmer when you sell machinery, the profit over the depreciated amount on your books does not go onto your profit. Basically you have to keep buying and selling machinery and msa is not arduous at all. We have made some good profits over the 8 years but so far have paid very little msa or tax. But do have a lot of machinery 🙄 [/QUOTE]
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Farming in France
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