What is the future for Furnished Holiday Lets (FHLs)?
Many farmers rely on Furnished Holiday Lets (FHL) as a vital source of extra revenue to bolster the farm’s core activities. In recognition of this, FHLs have enjoyed beneficial tax treatments provided they meet certain conditions. These include relief from Capital...
What does the 2024 General Election mean for farming?
With the shock announcement of a general election on July 4, the country is poised to decide on the colour of the next UK government.
Double cab chaos – the tax hike that never was
Discover the dramatic U-turn by the government regarding the tax treatment of double cab pick-up trucks, originally set to lose their goods vehicle status.
Sunak announces extra funding at NFU Conference
Prime Minster Rishi Sunak mounted a charm offensive at this year’s NFU Conference, telling farmers he was determined to ensure they are ‘treated fairly’ and acknowledging their ‘central role’ in British life.
When do glamping pods qualify for capital allowances?
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options