Agriculture

Based in the heart of the Eastern Regions for 90 years, Agriculture remains our biggest client group with a wide range of specialist accounting requirements.

As experts in the industry we offer support with aspects including:

  • Stock Valuation
  • Preparation and submission of annual accounts and tax returns
  • Payroll
  • Capital Gains Tax (CGT) Advisory Services
  • Inheritance Tax and Succession Planning

We can also help answer questions such as

  • How can I minimise my tax liability?
  • What do I need to consider when developing a succession plan?
  • How do I manage my business tenancies?

Our Farming Group meet regularly throughout the year, with representatives from across the firm discussing current affairs impacting the sector as well as ensuring the team are up to date with recent legislative changes.

The group also develops half-yearly Agricultural Newsletters which offer discussion on current subjects within the industry.

Discover the latest edition of our Agricultural Newsletter

 

Get in touch with your local office and speak to one of our specialist Agricultural advisers.

Client Review

In the years that you and your colleagues have acted as my accountants, a professional service has developed into a valued friendship and source of financial advice and guidance. In both service and professional terms, you have really gone the extra mile.



 
Latest Blogs in Agriculture
 
Scott Butcher
16th November 2018 Don’t dwell on your ATED obligations

With only just under 6 months until the 2019/2020 ATED return filing deadline of 30th April 2019. It may be an appropriate time to consider whether your limited company may be obliged to submit an ATED return. The annual tax on enveloped dwellings (ATED) applies to companies which own an interest in a residential property…

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Jodie Tarbin
12th November 2018 CGT Reliefs – Hit with Both Barrels!

A gain on sale of residential property is chargeable to capital gains tax (CGT) as follows: 18% to the extent that the gain falls within the basic rate band 28% thereafter An annual exemption is available if not utilised elsewhere (currently £11,700, rising to £12,000 in the 2019/20 tax year). Principal Private Residence Relief (PPR)…

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Richard Alecock
31st August 2018 Lettings relief increases the amount of the gain that is sheltered from capital gains tax

Occupying a let property as the only or main residence at some point during the period of ownership will not only shelter the gain relating to the period for which the property was occupied as the main residence (and also that relating to the last 18 months of ownership), but will also entitle a claim…

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Jason Jones
30th July 2018 Tax Rules on Holiday Homes

So, you enjoyed your break in a holiday cottage to the extent that you’re considering investing to make money from a similar property of your own. Jason Jones has this advice because a Furnished Holiday Let is a special type of property business where very different tax rules apply.   These Lets can be seen…

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Richard Alecock
4th June 2018 Property Allowance

The property allowance is a tax exemption of up to £1,000 a year for individuals with income from land or property. The property allowance applies to relevant property income which includes: Both UK and overseas property businesses. Both commercial and residential letting (but not rent-a-room businesses – see below).Where property income exceeds £1,000, the legislation…

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Ian Piper
2nd January 2018 Compulsory Purchase Orders: Opportunity to tax efficiently diversify?

  With numerous businesses currently being forced to sell property under compulsory purchase orders (COP’s), a little known tax rule may be of assistance in enabling you to diversify your investment in your trade into a buy-let-investment without incurring any tax: HMRC guidance HS292 Business asset rollover relief is a long established rule which allows…

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Philip Peters
26th November 2017 Buy to Let – minimising income tax

In recent years the tax system has been used increasingly to try to influence behaviour in the buy to let property market – the increases in Stamp Duty Land Tax, the restriction of tax relief for mortgage interest and the higher rate of capital gains tax for residential property sales are all examples of government…

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Jodie Tarbin
24th November 2017 Autumn Budget – Property taxes

SDLT for First time buyers – The government has introduced a new relief from SDLT for first-time buyers (in England, Wales and Northern Ireland) for all transactions with an effective date on or after 22 November 2017. The relief works as follows: £300,000 or less: no SDLT payable £300,001 and £500,000: no SDLT on the…

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Jodie Tarbin
6th September 2017 Bank of Mum and Dad!

  A parent with spare funds to invest may like to consider purchasing a property for their student son or daughter to live in whilst at university, in order to save on student accommodation costs.   We recently advised a client that, so long as their son or daughter lives in the property as his…

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Jodie Tarbin
23rd August 2017 Updated Brief Guides from our Property Investors Group

  Our Property Investors Group have recently updated our ‘A brief guide to…’ documents which are now ready for you to download on our Property sector webpage.   They give help and support with various property related queries relating to stamp duty land tax, treatment of furnished holiday lets and tax for non-resident landlords, for…

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