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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.

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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…

TAX

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…

TAX

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…

TAX

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…

TAX

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.…

TAX

Business Clinic: Tax bill on family farmland buy-out

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 inheritance tax (IHT)…

TAX

Business Clinic: Profits down, but income tax up

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 fluctuating profits…

TAX

How to avoid the tax pitfalls of development land

Farmers whose land has been earmarked for development must act immediately to avoid the myriad of tax pitfalls, warns Gary Markham, owner of rural tax specialists Land Family Business. Mr…

TAX

Business Clinic: A tricky inheritance tax issue explained

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 inheritance tax (IHT)…

TAX

Business Clinic: Will CGT be due on sale of shared house?

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 how siblings…

TAX

Business Clinic: Should we put estate into long-term trust?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Carol Ward, solicitor, Thrings, explains the pros and cons of using…

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TAX

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…