alexandra123
Registered User
- Messages
- 284
Hello All,
Just looking for some advice. I was listening to the small rave around growing truffles in Ireland and I think this is a venture I would like to take up and see how well it does. I know there is a potential risk with the crop not being successful, but I have a couple of questions if people can offer advice.
1. If I wanted to purchase 2 acres of land, am I purchasing agricultural land or a different type of land? When I search for land most come with the signage to say subject to local needs approval, which seems to be that the land is for housing development. Am I meant to search for a certain type of land when I am on the property websites? I don't want to purchase land that costs more because it has planning permission. I also don't want to purchase land that is already set up for forestation as I would have to dig up the trees and replant the trees with the required organisms on the roots.
2. If I was to buy the land, is it considered forestation and before buying the land, do I need to see if approval from government bodies is required?
3. What do I register the land as...is their a specific land use type , .like is it forestation , mushrooming etc ?
4. If income is gained from the land, is that subject to tax ? I am already within the payee sector and will remain so, until I retire, which is nearly 20 years away.
5. What would you reckon would be the start up costs ? I was thinking 30k for the land, 5-10k for consultation fee with a successful truffle company, 25k for the trees and maybe 5k to prep the land.
To be quite honest this is all very new to me and I have no clue about land or anything like that, but it really interests me.
Does anyone have any other advice ?
Thanks in advance
Just looking for some advice. I was listening to the small rave around growing truffles in Ireland and I think this is a venture I would like to take up and see how well it does. I know there is a potential risk with the crop not being successful, but I have a couple of questions if people can offer advice.
1. If I wanted to purchase 2 acres of land, am I purchasing agricultural land or a different type of land? When I search for land most come with the signage to say subject to local needs approval, which seems to be that the land is for housing development. Am I meant to search for a certain type of land when I am on the property websites? I don't want to purchase land that costs more because it has planning permission. I also don't want to purchase land that is already set up for forestation as I would have to dig up the trees and replant the trees with the required organisms on the roots.
2. If I was to buy the land, is it considered forestation and before buying the land, do I need to see if approval from government bodies is required?
3. What do I register the land as...is their a specific land use type , .like is it forestation , mushrooming etc ?
4. If income is gained from the land, is that subject to tax ? I am already within the payee sector and will remain so, until I retire, which is nearly 20 years away.
5. What would you reckon would be the start up costs ? I was thinking 30k for the land, 5-10k for consultation fee with a successful truffle company, 25k for the trees and maybe 5k to prep the land.
To be quite honest this is all very new to me and I have no clue about land or anything like that, but it really interests me.
Does anyone have any other advice ?
Thanks in advance