Know How / Tax

Taking advantage of the valuable tax reliefs available to many farming businesses requires careful planning. Read practical advice on ways you can maximise tax reliefs and minimise your liabilities for inheritance, capital gains and income tax, while remaining tax compliant.

Practical advice

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BUSINESS CLINIC

Business Clinic: Using arable profits to prepare for Brexit

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mark Chatterton of accountant Duncan & Toplis advises on the tax…

BUSINESS CLINIC

Business Clinic: Is rollover relief repaid on death?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here Peter Griffiths, tax director at accountant Hazlewoods, offers advice on how…

BUSINESS CLINIC

Business Clinic: Must I hold farm assets until I die?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mark Chatterton of accountant Duncan & Toplis advises on the tax…

TAX

Claiming exemption from VAT changes: What you need to know

Changes to the way VAT is submitted, coming next April, will affect nearly all businesses with a turnover of more than £85,000, but HMRC has given details on who is…

TENANCIES AND RENTS

Top 8 farm tenancy issues and how to solve them

Many issues are likely to arise during the lifetime of an agricultural tenancy, but all can be solved with good landlord-tenant communication, informed consent and careful consideration, writes Philip Meade, Davis…

BUSINESS CLINIC

Business Clinic: Tax implications of letting out farm land

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Peter Griffiths, tax director at Hazlewoods, advises on the tax considerations…

TAX

Changes to submitting VAT in 2019: what you need to know

From April 2019, all farming businesses will need to keep an electronic record of all business transactions on approved record-keeping software in order to be able to make VAT returns.…

TAX

Business Clinic: Tax implications of land sales

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Claire Hulme of accountant Duncan & Toplis advises on the tax…

BUSINESS

Warning over pitfalls of sideways tax relief

Farmers have been warned to be aware of the complexities surrounding the use of sideways loss relief  to minimise income tax bills. Accountant Saffery Champness said it was offering “a…

BUSINESS

Business clinic: Tax implications of changing company structure

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Peter Griffiths, tax director at Hazlewoods, advises on the tax considerations…

BUSINESS

Business Clinic: Are changes coming for inheritance tax?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Nicholas Smith of accountant Duncan & Toplis advises on the potential…

BUSINESS

Landowners face risk of more compulsory purchase powers

A government committee is reviewing how local and national governments extract some of the uplift in the value of land after homes or nearby infrastructure improvements are given planning permission.…

Insights

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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…