Maximizing the Qualified Farm Property Exemption
The Qualified Farm Property exemption is available to farmers who sell their property, but only for the portion of land that qualifies as ‘farmed’.
The Qualified Farm Property exemption is available to farmers who sell their property, but only for the portion of land that qualifies as ‘farmed’.
If you have a farm and a winery and want them set-up in a way that will maximize farming grants, the best thing to do is to keep the farm and the winery separate.
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