What Do Elephants and Farmhouses Have in Common?

What Do Elephants and Farmhouses Have in Common?

We originally published this post on the ‘Elephant Test’ on 23 September 2013 and updated it on 9 May 2024 for freshness, accuracy, and comprehensiveness. “Does Your Farmhouse Pass The Elephant Test?” Many farmers are not concerned with Inheritance Tax...
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...
The Farmhouse – Not Just Where The Farmer Lives!

The Farmhouse – Not Just Where The Farmer Lives!

They say an Englishman’s home is his castle, but in the case of a farmer, his home is usually more of a business centre. The Farmhouse is an essential part of any farm operation, serving as an office, a store, a boardroom, a make-shift veterinary clinic as well as a...
Good News For Farmhouses In Flood-Risk Areas

Good News For Farmhouses In Flood-Risk Areas

Some farmers in high-risk flood areas may be able to insure their farmhouses under the new Flood Re scheme. The scheme has been set up jointly by the Government and the insurance sector to help those whose homes are at greater risk of flood damage. Homeowners will be...