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Be careful when claiming property relief

Paul Spackman 19 November 2009
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Farmers claiming Agricultural Property Relief have been urged to check farm buildings definitely qualify before submitting a claim.




Farm buildings are eligible for 100% APR if they are occupied for agricultural purposes and meet the usual conditions in terms of periods of ownership. But HM Revenue & Customs is looking more closely at whether these requirements are being adhered to, Beverley Aitken, at DSH Chartered Accountants said.


Reasons for APR being denied could include, buildings being empty, derelict or used to store non-agricultural objects; buildings used for rearing horses that are not stud farms; or the occupation of buildings not connected to qualifying agricultural land.

Are you, like many other farms, missing out on tax claims for R&D?

If you’re a limited company, you could be eligible for tax credits if you’re carrying out R&D on your farm. For more information and to find out if you’re eligible visit our R&D tax credits page.

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