CAP reform tax guide

A NEW TAX guide from Lloyds TSB Agriculture aims to help farmers plan for CAP reform by having the right business structures in place and by highlighting the main tax implications when planning farm enterprise changes.

Tim Porter, agriculture director of the Lloyds TSB Group, said CAP reform offered farmers a wide range of new business opportunities, through growth, partnerships, joint ventures or scaling back.

“The guide will also be very relevant to those farmers seeking to achieve more diverse sources on income, including that earned from non-farming activities,” he said.

Your Guide to Farm Structures and Business Planning is available free from, local managers or from the Lloyds TSB stand at Smithfield.