Economic Stimulus Act of 2008

Business owners can elect to expense up to $250,000 of qualifying property (up to $800,000 in value) of depreciable assets put into service in 2008!  Additionally, businesses are now allowed a 50% bonus depreciation on assets placed in service in 2008.

Alpacas are generally depreciated over five- years.   Capital gains may be available on the sale of breeding animals and their off spring.  Current expenses are deductible.

Depending on what state you live in, you may receive a significant reduction in your real estate taxes for farm or agricultural use.

Include the fact that Alpacas are 100% insurable, huggable, and very easy to care for, we can’t think of a better investment!

Whitestone Farm and its staff are not tax advisors.  Please consult a tax advisor concerning your particular financial position.

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Whitestone Farm - Alpacas

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Tax Benefits

 

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Whitestone Farm
10413 Elys Ford Rd
Fredericksburg, VA

540-786-9124
fax:540-786-9123

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