Incorporating a Dairy Farming Business
For some farms, incorporation can create significant opportunities for tax planning, succession and future growth.
Category: Agriculture
Read more
Pre year end tax planning – Farming
This year there is more reason to look at strategies than previously with higher profits in 2025/26 than are likely in 2026/27 given milk prices and beef and lamb prices.
Rise in inheritance tax thresholds
The Government has announced today that the proposed Agricultural and Business Property Reliefs threshold for 100% relief will be increased from £1million to £2.5million per individual.
Environmental Land Management Update
In the Budget on 6th March it was confirmed that land that is in an Environmental Land Management scheme will qualify for Agricultural Property Relief (APR) for Inheritance Tax (IHT) purposes on lifetime or death transfers that occur on or after 6th April, 2025.
Entitlements – don’t miss the capital losses
Farmers who have bought or inherited beef, sheep, other entitlements or quotas should establish their capital losses to use against future gains.
Maximising Your Capital Allowances
We are here to guide you through the intricacies of capital allowances, ensuring you make the most of your investments…
Understanding the S198 Election in Capital Allowances
In the intricate world of commercial property acquisitions, understanding the nuances of capital allowances, especially the S198 Election, is crucial…
We attended the North Devon Show!
We are thrilled to announce that Ward & Co will be participating in the annual North Devon Show on 2nd August.
RNRB For Farming – Are You Going To Miss Out?
Don’t miss out on RNRB benefits for farming! The residence nil rate band is valuable when leaving a home or farmhouse to direct descendants…