Show Summary Details The farming evolution Risk of loss of farm tax reliefs Definition of farming Activities considered to be farming Activities not considered to be the activity of farming Tax planning via the definition of agriculture and farming Farming income by concession Definition of diversification and its interaction with farming Farming as one trade Diversification: big impact on the farm tax computation and accounts Impact of basis period reform for farmers Farmers’ averaging of profits Job-related accommodation – the farming advantage The need for evidence of activity Diversification opportunities Land quality and diversification Review of inheritance tax by OTS and current considerations The pressure on the will drafting and the executor dealing with the RNRB Farming for the environment ...