Tax Relief for Farmhouse Renovations

Tax Relief for Farmhouse Renovations

It is very likely that at some point your farmhouse and other buildings used in the farming business will require refurbishment, and it is important to be aware that whereas some repair expenditure can be relieved in the year it’s incurred (subject to a disallowed...
Are Your Farm Repairs Tax Deductible?

Are Your Farm Repairs Tax Deductible?

When carrying out extensive repairs to maintain their premises a farmer may assume that, without question, these repairs will be offset against the business income received thus reducing the tax bill for the applicable accounting period. HM Revenue and Customs...