The Royal Institute of Chartered Surveyors (RICS) has recently announced that the price of Welsh farmland has increased by around 13% in the last 12 months. Although Welsh land is not as expensive as that of our English neighbours, the cost of an acre of Welsh farmland averaged out at £7,500 for 2014. A spokesman … Continue reading Thinking of Selling Your Welsh Land?
At present an individual can pay up to £40,000 a year into a pension fund and obtain tax relief until 75, subject to having sufficient relevant earnings against which to set the contributions. After 5 April, this will reduce to £10,000 a year in respect of money purchase pension contributions, once the individual has dipped … Continue reading Over 55? – Review Your Pension Provision Before 5 April To Maximise Future Relief
Milk producers in Britain have been dealt a number of blows over the last year. Like oil, world milk prices have come down in response to an imbalance of supply and demand attributed largely to economic slowdown in China and Russia’s ban on EU dairy products in response to sanctions against them. These two countries … Continue reading The Dairy Farming Crisis
There are a number of issues which make farming businesses different from other organisations as far as accountancy and tax planning advice is concerned. Farming businesses tend to be more capital intensive and the return tends to be lower than with other businesses. This is usually even more extreme if the farm is owned as well … Continue reading The Business of Farming