A course to review and provide an update on the particular UK accounting and tax regime applicable to farmers. It will look at how the sector is developing from a business advisory. It will also need to consider the specific planning farmers may need to consider. The course identifies some of the controversial and risk areas of tax planning and compliance for these clients.

Content

• Where is farming today? – Diversification and tax impacts
• Succession planning, partnership agreements, divorce and death!
• Where are we on Brexit and the consequences for agriculture? The Agriculture Bill – take two!
• Loss reliefs general and special legislation - “all one trade”, averaging etc – the HMRC attacks on losses
• Capital expenditure reliefs
• Basic payments and their phasing out and other subsidies
• Alternative farming arrangements - Share Farming and Contracting
• Farmhouses and IHT planning
• Where are we with BPR and APR with relevant case updates?
• Entrepreneurs Relief and CGT planning
• The potential for compliance checks and enquiries

Bob is a tax partner with MHA MacIntyre Hudson and is the Head of Tax Training at MacIntyre Hudson Advisory Services LLP. He has a wide range of tax knowledge and lectures on a range of subjects including the tax implications of buying and selling companies, capital tax planning, pensions, probate and trusts. He also specialises in niche areas such as solicitors, farmers and the medical profession, has written a Tax Procedures Manual and regularly writes on technical tax subjects. He continues to be involved with clients on both a consultancy and portfolio basis.