We introduce a method to explicitly determine the Farrell–Tate cohomology of discrete groups. We apply this method to the Coxeter triangle and tetrahedral groups as well as to the Bianchi groups, i.e. PSL2(O) for O the ring of integers in an imaginary quadratic number field, and to their finite index subgroups. We show that the Farrell–Tate cohomology of the Bianchi groups is completely determined by the numbers of conjugacy classes of finite subgroups. In fact, our access to Farrell–Tate cohomology allows us to detach the information about it from geometric models for the Bianchi groups and to express it only with the group structure. Formulae for the numbers of conjugacy classes of finite subgroups have been determined in a thesis of Krämer, in terms of elementary number-theoretic information on O. An evaluation of these formulae for a large number of Bianchi groups is provided numerically in the electronically released appendix to this paper. Our new insights about their homological torsion allow us to give a conceptual description of the cohomology ring structure of the Bianchi groups.