Our blog on the latest rural and agricultural issues.
Win for the tax payer – full cost of silo tax deductible as plant & machinery
March 25, 2019
A farming partnership has won an appeal against HMRC that the full cost of constructing a silo should be tax deductible as plant and machinery and not just limited to 20% of the cost, as previously allowed by HMRC.
Man v machine: is mechanisation the solution to reducing labour costs?
February 25, 2019
5 April 2019 will see the next increase in salary costs for all businesses, including farmers, with the rates for work-based pension contributions, National Living Wage (NLW) and National Minimum Wage (NMW) all increasing.
The British Business Bank – What are my finance options?
January 17, 2019
Being fully aware of your financing options is the first step and before plunging into a conventional loan, it’s worth exploring all possible options.
Budget 2018: How the last pre-Brexit update looks to affect the farming industry
October 30, 2018
And so ‘spreadsheet’ Phil has delivered his last Budget pre-Brexit. It was cautiously welcomed by business and derided as ‘half measures and quick fixes’ by the opposition. Whatever political persuasion you are, there appears to be something for ‘everyone’ within it.
The value of a valuation
October 15, 2018
Undergoing a formal valuation of your assets could unlock benefits and opportunities you weren't previously aware of.
Basic Payment Scheme – Brexit update
September 13, 2018
The Government has announced updates to the Basic Payment Scheme post-Brexit, with a more detailed road map up to 2027.
Brexit is fast approaching – time to diversify and keep an eye on your income streams
September 11, 2018
With our exit date from the EU fast approaching and no deal yet made, now is the time to think seriously about diversifying whilst keeping an eye on the tax implication to your income streams.
Horse liveries and BPR
August 6, 2018
If you own a livery business and grant horse owners license to occupy land as a do-it-yourself (DIY) livery, do not take it for granted that the business will qualify for Business Property Relief (BPR).
How your farmhouse can qualify for IHT relief
July 19, 2018
If like many farmers you own your farmhouse as part of your business, you need to understand if it qualifies for Agricultural Property Relief (APR).