Are you a farmer or a landlord?

Are you a farmer or a landlord?

There has always been uncertainty over whether a landowner is a farmer or a landlord for tax purposes. There has however, been a recent useful decision by the First Tier Tribunal in the case of John Carlisle Allen which has helped to clarify the capital gains tax...
HMRC, The Dairy Farmer & The Disallowed Loss

HMRC, The Dairy Farmer & The Disallowed Loss

The recent case of B and R Scambler v HMRC (TC4842) reinforces HMRC’s refusal to accept farming loss claims where they deem that the farm is not being run on a commercial basis. And there are many cases of this nature going to Tribunal. Assuming all criteria is...
A Career In Farming

A Career In Farming

In support of the Welsh Government’s goal to expand farming and food production in the Principality by 30% over the next 5 years, Careers Wales are encouraging young people to consider a career in the industry. Many young people are unaware that the food and farming...
Estate Planning and Farmland

Estate Planning and Farmland

Most land owners are aware of Agricultural Property Relief (APR) and could be forgiven for thinking that this means there is no risk of their Estate paying Inheritance Tax. Unfortunately there are situations where farmland does not qualify for 100% APR. There have...
Estate Planning and Farmhouses

Estate Planning and Farmhouses

Most land owners are aware of Agricultural Property Relief (APR) and could be forgiven for thinking that this means there is no risk of their Estate paying Inheritance Tax. Unfortunately there have been cases where the HM Revenue & Customs have successfully...