FARMERS AVERAGING CLAIMS – NEW PROPOSALS – AUGUST 2015
HMRC has published a 26 page consultation document detailing the extension of the averaging period to 5 years. The document put forward 2 options for how the proposed change could…
INHERITANCE TAX RELIEF ON FARMHOUSES
In very broad terms Inheritance Tax (IHT) is charged on your estate at a rate of 40% over and above the nil rate threshold (currently £325,000). There may be an…
YOUNG FARMER PAYMENT – DO YOU QUALIFY?
The Young Farmer Payment (YFP) was introduced in 2015 as a top-up payment to the Basic Payment Scheme. The scheme was available for a maximum of five years from 2015…
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