Budget 2014: Rural points

Nothing very obvious grabs the rural headlines in today's budget other than the extension of CGT rollover relief to the new Basic Farm Payments.  This measure is backdated to 20 December 2013, the date the new payment entitlements were introduced. The single most significant measure for most rural businesses will be the increase and extension … Continue reading Budget 2014: Rural points

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Prospects for agricultural markets and income in the EU 2013 – 2023

Agricultural income growth will have to rely on restructuring in the next 10 years, rather than growth in commodity prices. This is a key conclusion from the European Commission Report, Prospects for Agricultural Markets and Income in the EU 2013-2023, issued this week. At farm level, what does this mean for UK farmers?  'Firm' commodity … Continue reading Prospects for agricultural markets and income in the EU 2013 – 2023

Annual Rural Tax Book now available for 2011/12 taxes

CONCISE RURAL TAXATION (formerly TAXATION FOR STUDENTS OF RURAL LAND MANAGEMENT) is an annual publication, which now commands a wide following amongst rural chartered surveyors, land managers, agricultural valuers and those studying for the profession.  The Order form is available from: http://dl.dropbox.com/u/26577824/Taxbook%20Flyer%202011.pdf or by clicking this link: Taxbook Order Form Or a copy can be … Continue reading Annual Rural Tax Book now available for 2011/12 taxes

Tax: Make the most of farm machinery claims while you can

Businesses can claim an annual investment allowance of £100,000 for plant and machinery.   This means that if machinery up to this amount is purchased, the entire cost can be set against tax in the year of purchase.  Any amount over £100,000 is however, restricted to the annual writing down allowance of 20%.   Big changes take … Continue reading Tax: Make the most of farm machinery claims while you can