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Autumn Budget Analysis: Find out how the budget will impact you

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By Jonathan York

15th February 2023

You might be entitled to Business Asset Disposal Relief when selling your farm business

If you are considering selling part or all of your farming business you may be able to pay less Capital Gains Tax (CGT) if you qualify for Business Asset Disposal Relief (BADR). 

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By Keith Johnston

15th February 2023

Stamp Duty Land Tax when buying farm property

The calculation of Stamp Duty Land Tax (SDLT) when buying additional farm property can be extremely complicated and where the purchase includes a residential property a number of issues can arise. 

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By Andrew Robinson

15th February 2023

How Basic Payment Scheme payments can impact your tax bill

While it can be complicated, there are two accounting policies for the recognition of BPS payments for tax purposes.

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By David Threlkeld

25th January 2023

Do I still have the correct structure for my business?

In light of recent tax changes, it might be worth considering whether a partnership or company is the most suitable way to operate your farm business.

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Agriculture spring statement 2022

By Andrew Robinson

24th March 2022

Spring Statement 2022 - Farming and Agriculture

Whilst the Chancellor’s measures are all welcome, they are just a drop in the ocean compared to the massive increase in input costs faced by farmers in recent months.

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Agriculture land tax

By Armstrong Watson

11th February 2022

New environmental schemes – are you still a farmer?

Farmers and landowners are currently being bombarded with ideas of how they can manage their land differently to produce environmental benefit. For farmers who have been brought up to believe that their role was to produce food, this is not an easy transition. Here I look at the possible tax consequences from signing up to these schemes…

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By David Threlkeld

25th November 2021

How will political and economic factors impact your farm tax bill?

As we rapidly approach the end of another year, it is customary to assess how a business has performed. This enables action to be taken before the accounting year-end to mitigate the tax bill, so there are no nasty surprises at a later date  - and this year there have been more fluctuations than normal, making predictions particularly difficult.  

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By Keith Johnston

18th August 2021

Potato store tribunal highlights complexities of capital allowances for farmers

A recent tax tribunal concerning a potato store, emphasises the complexity involved when claiming tax relief on farm buildings.

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Cottage

By Rodger Hill

16th August 2021

Tax problems with farm cottages

It is commonplace for farming families to have a complicated property ownership history. This can result in a position where not everybody knows who owns a particular property and for family members to be living in houses owned by someone else. It worth then considering the tax consequences that can arise.

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By Jonathan York

20th June 2021

Tax issues for farmers who diversify into holiday lets 

The demand for self-catering holidays is only growing but what are the tax issues that arise from diversifying into holiday letting?

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