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Farm Business
Agricultural Matters
How long to keep records for
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<blockquote data-quote="Exfarmer" data-source="post: 433844" data-attributes="member: 1951"><p>Most financial and crop records , I think there is a requirement for 6 years.</p><p>It is not a bad idea to keep financial for longer in case there is a tax or other problem down the line. This is particularly true for capital gains tax, but many argue that it is good to keep them away from where a taxman can find them easily, in the distant future , selective recall can be handy <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p>Employers liability certificates should be kept forever</p></blockquote><p></p>
[QUOTE="Exfarmer, post: 433844, member: 1951"] Most financial and crop records , I think there is a requirement for 6 years. It is not a bad idea to keep financial for longer in case there is a tax or other problem down the line. This is particularly true for capital gains tax, but many argue that it is good to keep them away from where a taxman can find them easily, in the distant future , selective recall can be handy :) Employers liability certificates should be kept forever [/QUOTE]
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