In these increasingly difficult times for farming, and indeed the rural community as a whole, it is becoming more and more important to make sure that all aspects of tax planning for Inheritance Tax, Capital Gains Tax and Personal Tax are looked after by someone who really understands the industry and people involved in the industry.
Here at Butler & Co we pride ourselves on being able to provide a dedicated service to the rural community which draws upon a number of years experience dealing with farms, estates and many varying rural industries.
Most of the team here can draw upon personal experience within the industry which puts us in a strong position dealing with a specialised area and having the expert knowledge to deal with the people involved in this sector.
With the current legislation and constantly changing boundaries you need an accountant who can keep up with changes and really understand the implications for the rural community. With the particular tax reliefs available to certain areas of the rural industries you need to be kept up to date with changes and how they may affect you.
The biggest reliefs which are available to farms are Agricultural Property Relief and Business Property Relief. Many accountants who do not specialise in this area can miss opportunities to maximise these reliefs if they do not consider a business to conform to their understanding of farming. There are many ways to utilise these reliefs and we are always seeking to provide the right advice for our clients without missing opportunities to save tax when they are available.
Because of the reputation of Butler & Co we often provide consultancy services to other accountants and professional bodies to deal with their rural and farming clients.
We are proud of our history dealing with farming and rural clients and ensuring that they get the best possible advice. Over the years we have secured substantial refunds for clients who have come to us after receiving general tax advice which has not been tailored to the rural industries. We have also saved our clients massive amounts of tax by effective planning for this sector.
Julie Butler has written numerous articles on tax and business planning for the rural community along with her book Tax Planning for Farm & Land Diversification. She also lectures extensively on issues surrounding this sector.
Here at Butler & Co we have close links with a number of professional advisers in this area to ensure that whatever your query we can tailor our advice to your specific needs and provide you with a complete structured service.
If you would like more information or would like to ask us a question then call us on 01962 735544. To ask us a question online click here.