Kerry farmers lobby TDs over tax hit on shares

The move stems from a recent Revenue swoop on more than 400 farmers who supplied the co-op with deliveries of milk and who received shares as a form of compensation

Barry J Whyte

Chief Feature Writer @whytebarry
24th September, 2017

Kerry Co-op shareholders are pressing the government to change the tax treatment of so-called patronage shares in the company.

It stems from a recent Revenue Commissioners swoop on more than 400 farmers who supplied the co-op with deliveries of milk and who received shares as a form of compensation.

Revenue claimed that as a result of receiving the shares, the farmers have a tax liability for income tax, USC and PRSI based on the market value...

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