Taxation of Part-time Farming Operations and Stud Farms

If you run a part-time farm from your own agricultural property alongside your salaried employment, your tax situation depends on whether you run a commercial business or it is merely a hobby for you.

Only if your farming activities qualify as a commercial business for tax purposes, can you deduct any losses from other personal income and, for example, apply the rules of the business tax scheme.

SKAT has for a number of years taken a particular interest in all types of part-time farming operations, from large stud farms breeding thoroughbred horses to small arable farms.

The assessment of whether a part-time farm is a commercial business or not depends on a wide range of factors, and even if a part-time farm has suffered a loss for a number of years, it may still qualify as a commercial business for tax purposes.

TVC Law Firm can provide an assessment of whether there is a basis for appealing against a decision by SKAT. We have many years of experience in handling appeals for part-time farmers.

During appeal proceedings, it will often be relevant to arrange an expert appraisal of the operations and financial position of the part-time farm. We also have extensive experience in handling expert appraisals of part-time farms.

Contact

Torben Bagge

Partner, Attorney-at-Law (H), Head of tax and Chairman of the board

D: +45 87 34 75 30

M: +45 24 82 24 84

E: tb@tvc.dk

Leo Jantzen

Manager, Partner, Attorney-at-Law (H)

D: +45 87 34 75 31

M: +45 21 37 01 38

E: lj@tvc.dk

Kasper Bech Pilgaard

Partner, Attorney-at-Law (L), LL.M.

D: +45 33 18 61 58

M: +45 24 27 78 11

E: kbp@tvc.dk

René Bjerre

Partner, Attorney-at-Law (H)

D: +45 87 34 74 34

M: +45 25 34 53 10

E: rbj@tvc.dk

Henrik Rahbek

Partner, Attorney-at-Law (H), HD (R)

D: +45 87 34 74 32

M: +45 30 88 20 88

E: her@tvc.dk

Karin Østergård Mathiasen

Partner, Attorney-at-Law (H)

D: +45 87 34 74 31

M: +45 30 33 75 80

E: kl@tvc.dk

Kasper Kelm Demant

Partner, Attorney-at-Law (L)

D: +45 87 34 74 36

M: +45 51 92 53 58

E: kkd@tvc.dk