How much tax can I save by buying a tractor?
You can get back up to €52,000 of the cost of a €100,000 machine if you are in the high tax bracket – and avoid leasing
Big money: ‘It is often hard to understand how these costly machines can be justified and indeed afforded’
I recently attended a charity tractor run in my local town and I was astonished at the array of large, very expensive, relatively new tractors on parade.
There were a number of ‘mature models’ such as Massey 165s and Ford 5000s, but the majority were machines that would have cost upwards of €70k, including a good number worth well north of €100k.
