In the Budget the Chancellor announced that there will be a new Structures and Buildings Allowance for the cost of new commercial buildings after 29 October 2019. The tax relief will be 2% of the cost per year for 50 years. Clearly 2% is a low % but it is a lot higher than the … Continue reading New Tax Relief on the Cost of New Farm Buildings
UK Farmers are being encouraged to plan ahead and look at green projects with the future of UK farming likely to change. While various grants and funding are already on offer, Environmental Secretary Michael Gove plans to reward environmentally friendly farmers post-brexit. Current proposals plan to scrap the current Common Agricultural Policy, in favour of … Continue reading UK Farmers Encouraged to Go Green
Reform of existing tax measures could be on the horizon for owners of land approved for development. A report published in September 2018 by the Housing, Communities and Local Government Committee suggested that the significant increase in the value of agricultural land when planning permission is granted for residential use should be reflected in more … Continue reading Higher Taxes on Development Land?
Farmers in Wales are being offered £1,000 to help with the Welsh Government’s new Red Meat Benchmarking project, aimed at helping them assess and improve the performance of their businesses. The project, managed by Hybu Cig Cymru, will require 2,000 farmers to complete an on-line questionnaire giving information about their business activities for either 2016/2017 … Continue reading New Red Meat Benchmarking Project Offers Cash for Farmers
Following petitions fronted by Care And Respect All Dogs (CARIAD) and the RSPCA, Michael Gove has announced the intent to ban the sale of puppies and kittens from pet shops, online dealers and 3rd party sellers. From October 1st 2018 new laws in England will ban licensed sellers from dealing in puppies and kittens under … Continue reading Wales to Follow Footsteps in Puppy and Kitten Farming
Whilst many of us have been basking in the glorious sunshine and high temperatures this year, some farmers have been experiencing the not-so -wonderful side effects of the extreme summer weather. Crop failure has made 2018 pretty disastrous for many in the agricultural industry. Already we are being warned of a shortage of peas, grains … Continue reading The Long Hot Summer of 2018
According to recent research by estate agents Strutt & Parker, a larger share of farmland is being purchased by private investors. The research shows that the share of purchases by farmers, traditionally hovering between 60 and 65 per cent, has dropped to 50 per cent over the last 6 months. This is the lowest level … Continue reading Farmers Waiting for More Clarity Before Buying Land
The Farming Connect Advisory Service aims to provide expert, independent, confidential and bespoke advice to Farm and Forestry businesses. Through consultation with approved providers, farmers can address problems or make improvements on their farms, which can include, amongst other things, business planning advice, livestock management and performance, or grassland, crop and woodland management. When receiving … Continue reading Advisory Service Aims to Connect Farmers to the Professionals They Need
A new online calculator has been launched to allow farmers to see the potential effect on their businesses of various Brexit scenarios. Developed by The Agricultural and Horticultural Development Board, its aim is to help farmers and growers review their business and remain fit for the future. The calculator allows individuals to input their data … Continue reading New Calculator to Help Farmers Foretell the Future
In recent years many farmers have sought planning permission on redundant farm buildings to convert them into dwellings. If a farmer is looking to develop the barn himself, rather than sell it on once permission has been granted, one of the key considerations is the ability to reclaim VAT on the development costs. This is … Continue reading VAT Implications of Barn Conversions
