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Storm damage and tax mitigation

Language: English Series: Farm Tax Brief ; 2(10) December 1987, 27-29(3)Publication details: 1987Subject(s): Summary: Some damage caused by the October storms will not be covered by insurance or will only recover over the long term. This article considers the tax implications of steps farmers should take to mitigate financial, as well as physical damage.

Some damage caused by the October storms will not be covered by insurance or will only recover over the long term. This article considers the tax implications of steps farmers should take to mitigate financial, as well as physical damage.