Know How / Tax Must reads How a company structure could help IHT planning Farm tax: Opportunities, deadlines and updates Stamp duty and farmland: How it works and what to expect IHT net set to catch farm pension funds – what to consider Practical adviceSee all PARTNERSHIPSCommon farm partnership accounts errors and how to avoid themMany farming partnership accounts contain errors which cause complications, cost and stress when there is a change, such as a death or retirement from the business, or a dispute. As… PARTNERSHIPSPutting in place the right company structure for farmsHistorically, setting up a limited company that becomes an additional partner in the business has been an option used by some farming businesses. Iain McVicar, managing partner at accountant Albert… BUSINESS CLINICBusiness Clinic: Advice on fluctuating partnership capitalWhether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Kate Bell of accountant Albert Goodman sets out considerations on partnership capital… TAXIHT planning must include an all round review of assetsA full inheritance tax (IHT) review should not only look at the farming and business assets, but draw up a list of all items that might come into charge for… TAXIHT planning: Beware of surprise tax liabilitiesA hasty move or an unexpected event can bring surprise tax liabilities and other complications when planning for the cut in inheritance tax (IHT) reliefs due to take effect from… TAXFarm tax: Opportunities, deadlines and updatesThere is currently a mix of opportunities, deadlines and changes relating to tax for farm businesses. We find out what to be aware of when dealing with your tax responsibilities… TAXHow a company structure could help IHT planningMoving from a sole trader or partnership status to trading as a company needs careful thought across a range of aspects. A corporate structure means more regulatory and reporting requirements,… BUSINESS CLINICBusiness Clinic: Are farm and land sale fees a business cost?Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Joe Spencer, a partner at accountant MHA, advises on how farm or… BUSINESS CLINICBusiness Clinic: Can I sell for a song to avoid inheritance tax?Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Euan Fernie, a partner at accountant MHA, advises on the HMRC anti… DIVERSIFICATIONFarm-based holiday providers face a tough 2025Farm-based holiday providers are dealing with a significant shift in market dynamics because of a combination of tax and regulatory reforms, and a change in the shape of demand. Short… TAXFarm tax tips for 31 March accounting year-end and beyondWith 31 March soon approaching, we speak to tax experts on understanding your tax liabilities when running a farm business and changes coming to the current tax regime. See also:… BUSINESS MANAGEMENTHow life insurance can protect against IHT liabilityMany farmers are investigating life insurance in the light of the cut in inheritance tax (IHT) relief which is due to take effect from April 2026. Advisers stress that every… InsightsSee all TAXIHT net set to catch farm pension funds – what to considerAs well as cutting valuable agricultural reliefs from inheritance tax, the Budget held an extra shock by bringing personal pensions into the IHT net. Many farmers have contributed to personal… MARKETS AND TRENDSOutlook 2025: Lower inflation offers hope for UK economyThe world is changing. It is not as safe a place to be as last year or over the past decade. International markets are nervous. Protectionism is on the rise.… FARM POLICYAnalysis: Why the Treasury has it so wrong on impact of IHTFresh analysis from the NFU has set out exactly why the union believes Treasury claims that only about a quarter of farm businesses will ever be caught by its inheritance… BUSINESSHow CLA figures dismiss government position on family farm IHTLobbying against the proposed cut to agricultural property relief (APR) and business property relief (BPR) is intensifying. Analysis by the Country Land Association (CLA) demonstrates the severe challenge that the… BUSINESS MANAGEMENTAdvice on moving into contract farming agreementsContract farming agreements (CFAs) offer a way to maintain the income and capital tax advantages of being a working farmer, while reducing the demands of day-to-day management and working capital… BUSINESSBudget measures open some tax doors but close othersConfirmation in the 6 March Budget that agricultural property relief from inheritance tax will be available on land in all Environmental Land Management (ELM) schemes has been generally welcomed, but… TAXAPR restriction to minimum eight-year tenancy prompts clashA Budget consultation on inheritance tax (IHT) calling for views on restricting agricultural property relief (APR) to tenancies of at least eight years has produced a wide range of views.… BUSINESSIHT: Farmers call for natural capital payment changesFarm and rural leaders have set out their thoughts on how to tackle the inheritance tax risks which are acting as an obstacle to farmers entering more land into environmental… BUSINESS MANAGEMENTCompany accounts reform: What it means for farm businessesFarm businesses trading as a limited company are likely to be affected by reforms to the way they prepare and file their accounts. The government is pushing forward with plans… BUSINESSAD plant operators challenge business rates hikeA huge hike in business rates for anaerobic digester plants in England and Wales is being challenged by a growing number of operators and farmers. In the past 10 years… POULTRYThe cash poultry farmers could be missing out onMany poultry farmers are eligible for tax relief, often to the tune of tens of thousands of pounds, simply for developing innovative ways of working. Those don’t have to be… ARABLEHow growers can claim cash for the way they farmPlanting crops to suit soil type, improving soil structure and reducing fertiliser use – just three ways growers could be finanically rewarded for the way they farm. Anything that improves…
