Practical advice

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TAX

How a limited company structure can help farming businesses

Most farm business owners should investigate whether trading as a company would be beneficial to them, says Iain McVicar, head of the farms and estates team at accountant Albert Goodman.…

BUSINESS CLINIC

Business Clinic: How assets get different tax treatment

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Chris Thorpe of Moore Scarrott advises on the different tax treatment of…

BUSINESS MANAGEMENT

Advice on choosing a farm accounts package

Farm businesses should see HMRC’s Making Tax Digital rules as an opportunity to simplify record-keeping and improve financial performance, according to accountant Andrew Robinson. Since April 2019, farm businesses with…

BUSINESS CLINIC

Business Clinic: Can CGT exemption be claimed on barns?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Andy Ritchie, head of agriculture, Azets, clarifies the rules surrounding CGT exemption for…

BUSINESS CLINIC

Business Clinic: How to split capital gain on farm cottage?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Chris Thorpe of Moore Scarrott advises on how a Capital Gains…

BUSINESS CLINIC

Business Clinic: Claiming VAT on building conversion costs

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Craig Tolliday, associate with accountant Azets advises on how trusts can protect…

BUSINESS

Tax relief on equipment spending to be slashed in 2021

Farmers will not be able to offset as much equipment expenditure against tax from the new year, accountants have warned. The annual investment allowance (AIA) allows businesses to set off…

BUSINESS CLINIC

Business Clinic: Should I use a trust to bequeath farm?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Chris Thorpe of Moore Scarrott advises on how trusts can protect…

BUSINESS CLINIC

Business Clinic: Can my farm be sold tax-free after inheritance?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Elizabeth Jones, partner with accountant Baldwins, addresses a question on the tax liability following…

BUSINESS

£30bn support package: What it means for farmers

Farm industry leaders have welcomed chancellor Rishi Sunak’s £30bn support package, but have called for more information on how it will work in rural situations. The chancellor’s Summer Economic Update…

PARTNERSHIPS

Why share farming can be the fairest joint venture option

Share farming is a business model which deserves to be given serious consideration by anyone thinking about a joint venture, argues Gary Markham, director at rural tax advisers and accountants…

BUSINESS CLINIC

Business Clinic: Can we claim coronavirus support grant?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Andy Ritchie, head of rural at Baldwins, explains how farmers may be able to claim…

Insights

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TAX

How farmers can claim R&D tax credits

British farmers are among the most innovative in the world, constantly experimenting with new techniques and tools to improve the performance of their farm business. But many don’t realise that…

TAX

Farmers caught in development tax postcode lottery

Agricultural buildings and developments are being taxed inconsistently across Britain, at a cost of thousands of pounds to the farmers caught up in a postcode lottery. The community infrastructure levy…

BUSINESS

Rollover relief - what is it and how does it work?

Buyers with rollover funds are the driving force behind many farmland purchases. With growing numbers of development deals in the pipeline, more landowners are likely to find themselves in this…