Tax Planning for Farm and Land Diversification offers practical help and guidance to ensure that UK farmers and landowners take full advantage of tax planning opportunities. It is a pragmatic and strategic guide, written in an accessible and user-friendly style. This third edition provides valuable guidance on UK tax consequences of pursuing alternative types of farming and land use rather than traditional methods. The book has been updated to reflect major developments in UK case law, the new pensions regime, changes to the IHT treatment of trusts contained in Finance Act 2006, and will be...

This well respected title examines traditional farming and diversification in the light of UK tax and planning procedures. It explores the current trend to diversify away from pure food production, and the turn toward alternative UK land use for the purpose of profitable enterprise. It also covers forms of UK tax planning that are necessary to cope with the upheavals facing all those in farming communities. The fourth edition picks up on a number important legislative developments and new cases since the previous edition was published in 2011, including the following: loss claim restriction...

Tax Planning for Farm and Land Diversification, Fifth Edition has been extensively updated to cover all the developments in this area, in particular regarding subsidies, property development and Brexit-led implications, as well as a greater emphasis on probate preparation and disputes. Every chapter has been updated to take account of the numerous changes in agriculture since the previous edition. As such, it covers: - The need to consider issues of undue influence, lifetime gifts and the role of the executor and beneficiary penalties for farming families - Consideration of the...

Increasingly those running a farming business need to look closely at opportunities to diversify their revenue streams as the more traditional activities become less sustainable on their own. This title is written for the accountants, tax advisers and others who have these businesses or individuals as their clients. It explores the tax planning opportunities available in different circumstances such as re-use of redundant buildings and planting more woodland. Relevant cases are considered throughout as is the increasing focus of HMRC towards the reliefs available to farmers. The sixth...