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By Andrew Robinson

15th October 2023

Farmers Weekly finalists demonstrate ways to replace lost BPS income

Armstrong Watson's Head of Agriculture Andrew Robinson had the honour of judging the annual Farmers Weekly Awards for a second year in a row. He explains how the winners, finalists and nominees this year demonstrated an acceptance to change and do something different to survive with reduced financial support. 

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By Andrew Robinson

4th October 2023

BPS losses: Opportunity for farmers to save Capital Gains Tax

It is no longer necessary to hold BPS entitlements to receive payments. As a result, entitlements ceased to have any value on 16 May 2023. However, this may give farmers the opportunity to generate a Capital Gains Tax (CGT) loss which for many will result in a significant tax saving in the future.

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By Keith Johnston

31st August 2023

Hidden Inheritance Tax pitfalls for farming businesses

It is dangerous to assume that 100% Agricultural Property Relief (APR) or Business Property Relief (BPR) will apply to every asset that is passed on in a modern farming business. There are many cases where HMRC has argued that part of a farming business is chargeable to Inheritance Tax (IHT).

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By Armstrong Watson

31st August 2023

‘Mind Your Head’: charity urges farmers to look after their mental health

The Farm Safety Foundation, also known as Yellow Wellies, exists to support the physical and mental wellbeing of the UK’s farmers. Stephanie Berkeley explains that poor mental health is one of the biggest hidden problems facing the industry but there is help out there. 

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By Andrew Robinson

22nd August 2023

3 common VAT mistakes farmers can avoid

In order to avoid HMRC penalties it is important to record expenses and claim VAT correctly for your farm business. Genuine mistakes do happen but there are some things to bear in mind that will help minimise the chance of triggering an inspection.

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By Andrew Robinson

16th August 2023

How to get increased finance for your farm business

As the challenges faced by farm businesses continue to evolve, the demand for additional borrowing facilities is on the rise.

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By David Threlkeld

27th July 2023

What are the tax issues around grass letting, grazing licences and contract farming?

Asking someone who has lived and worked on the same farm for most of their life whether they are a farmer can provoke a puzzled look. However, where the farmer is now doing less work on a daily basis and a neighbour is grazing the land, HMRC may argue that you are no longer an active farmer.

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Campsite with tents

By David Threlkeld

11th July 2023

8 things for farmers to consider about pop-up campsites 

Pop-up campsites can now legally operate for up to 60 days per calendar year. If you're looking into this area of diversification there are some things to consider. 

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By Keith Johnston

4th July 2023

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

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By Jonathan York

4th July 2023

Should I set up a trust?

Trusts have become something of a political football in recent years and their use is often called into question with the implication that by putting a trust in place, the motives for doing so, are driven by tax avoidance and the wish to be not transparent about the ownership of the assets.

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