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By Armstrong Watson

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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Agri - Capital Allowance

By David Threlkeld

13th May 2021

Capital allowances tips and traps

A common question from farming clients is, “why is my taxable profit different to my accounting profit?” There are a number of possible answers, but the most common one is the way the purchase of machinery and equipment is dealt with:  

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Slurry Tractor

By Armstrong Watson

12th May 2021

Slurry storage costs - what qualifies for capital allowances?

 A Slurry Investment Scheme is due to be introduced in 2022 for farming businesses looking to upgrade or invest in new facilities.

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farm worker

By Jonathan York

10th May 2021

Don’t be caught out by HMRC on farm contractors

Jonathan York outlines the rules around IR35 for your farm contractors and explains why it is the farm owners responsibility to determine the employment status of those individuals.

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Farmer with sheep

By Armstrong Watson

11th March 2021

Spring Budget 2021 - what does it mean for the farming industry?

In the lead-up to Rishi Sunak’s Spring Budget on 3 March, there was intense speculation as to whether he would announce tax-raising measures to start paying for the cost of the pandemic. While most of the announcements were to assist businesses and individuals still impacted by Covid-19 he set out the following changes to raise revenue in a bid to get the country back on track.  

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farmer using ipad for accounting

By Andrew Robinson

22nd February 2021

Making the most out of Making tax digital requirements

Andrew Robinson explores the benefits for farming businesses embarking on the digital transition and explains how to get the most out of your existing system.

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End of Year Tax Planning

By Armstrong Watson

22nd February 2021

Pre-year end planning for farmers

Tax Director, Keith Johnston outlines the key considerations to end of year tax planning for farmers

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Mild Pheasant Korma

By Jonathan York

22nd February 2021

What a game!

Farming Accountant, Jonathon Yorke dishes up a tasty Mild Pheasant Korma recipe for you to try!

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