SASHA Kerins, a partner and head of agri food with accountants Grant Thornton Ireland, gave her presentation on tax with a clear caveat on it that it was for general advice only and began by outlining the differences in taxation between what constitutes a hobby as opposed to operating as a trader.

There are a number of factors to consider, including the frequency of transactions, and the motive of the tax payer whether he/she is trading for profit or as a hobby.