Agricultural Property Relief Explained – All You Need to Know!
For most farmers, there is no better tool to reduce Inheritance Tax (IHT) than Agricultural Property Relief (APR).
DEFRA’s Lump Sum Exit Scheme ‘Not Enough to Make a Difference’
Much has been made in the media about DEFRA’s lump sum exit scheme which proposes to pay older farmers to retire.
Cashing in on the Staycation Boom!
Many farmers will be looking for more permanent ways to cash in on the staycation boom.
Basis period reform – how HMRC’s latest income tax proposals may have a disproportionate impact on farmers
In April last year, the Government announced plans to overhaul the way trading income is taxed. If enshrined into law – and that is looking to be highly likely – the Basis Period Reform will affect organisations or individuals with a trading income that is subject to...
Farming and capital allowances – the advantages and pitfalls
Capital allowances are a useful form of tax relief for businesses that need to invest in expensive plant and machinery to operate successfully, including many farm enterprises. There are a number of different types, but they all essentially fulfil the same function –...