Show Summary Details

Chapter 2: Diversification – alternative land use, grants and the impact on basic tax planning

Tax Planning for Farm and Land Diversification

Julie Butler (FCA)
Bloomsbury Professional
Publication Date:
Law Stated At:
11 July 2023
Introduction Grants – historical tax position Small land holding and brownfield sites Inheritance tax efficient repairs and capital allowances – dispute potential Environmental land management scheme (ELMs) Strong legal protection The commerciality of equine businesses Owning a racehorse is not a trade A tribunal pattern Tax planning surrounding successful planning permission applications The power of ‘rolled over’ development monies Capital gains tax (CGT) reform: Business asset disposal relief (BADR) What business structure? Limited liability partnerships (LLPs) Be careful with restructuring Buying a farm – maximising tax relief on loan interest Partnership agreement Conclusion – alternative land use – the basics ...

If you would like to access this content, but you are not currently a subscriber, please sign up for a free trial here. If you already subscribe to this service please login here.