Farming Articles

Natural Capital – which path does the tax adviser travel?
Julie Butler FCA, Founder and Joint Managing Partner looks at the potential tax and financial planning around “natural capital” and how it can integrate into the farm operation at this key time following The Agriculture Bill receiving Royal Assent on 11 November to become the Agriculture Act 2020.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Executor Stress
Julie Butler FCA, Founder & Managing Partner and Fred Butler MSc ATT Senior Tax Manager – Farming & Equine Department explain the main pressure points and developments farm executors need to watch out for in 2020.
Published in PS Journal

Are rewilding and public products agriculture?
Published in TAXline practical points (253)

Landed estates and diversification
With the current generic challenges by HMRC to inheritance tax (IHT) relief claims on landed estates together with the proposed changes as part of the Agriculture Bill, which became the Agriculture Act 2020 on 11 November, much care needs to be taken with regard to tax planning in relation to continued and increased diversification and the landed estate.
This Private Client practice note by LexisNexis provides comprehensive and up to date legal information and was produced in partnership with our Founder and Joint Managing Partner Julie Butler FCA.

Tax efficient repairs but beware the disputes
Julie Butler FCA, Joint Managing Partner, highlights the window for planning and review when spending monies on the farm for current tax efficiency in the context of the forthcoming Spring Budget.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Establishing real commercial use
Julie Butler FCA, Founder and Joint Managing Partner considers the case of Pensfold Farm, in which well-maintained business plans could have enabled the use of mixed-use rate of SDLT.
Published in TAX Adviser Magazine

A working farm – A qualitative assessment
Julie Butler FCA, Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager - Farm and Equine Department, examine the implications of a recent decision on availability of APR and BPR
This article published in Small Business Tax & Finance is not publically available, please contact the office on (01962) 735544 for the password to view this article

The role of the Executor with the new CGT return
Julie Butler FCA, Joint Managing Partner, looks at the number of reasons why executors are increasingly playing a role in the sale of farm property.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

The rural lifestyle
Julie Butler FCA, Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager - Farming & Equine Department, discuss the various tax advantages and potential problem areas for clients who are considering the purchase, sale or disposal of a 'lifestyle farm'.
Published in TAXATION

The increasing appeal of rollover relief for landowners and farmers
Julie Butler FCA, Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager – Farming & Equine Department, examine the growing attraction of rollover relief.
Published in TAXline and online by ICAEW

Selling farms and farmland and the new Business Asset Disposal Relief
This article was originally published in Farm Tax Brief Volume 35 Issue 5
28 May 2020

From the tribunals - Plant and machinery in “common parts“ rental properties
This article was originally published in Farm Tax Brief Volume 35 Issue 4
5 May 2020

Structures and Buildings Allowances
This article was originally published in Farm Tax Brief Volume 35 Issue 4
5 May 2020

Death on the farm
Julie Butler FCA considers some of the points raised in the fictional ‘15 days’ Welsh farm drama where the dispute resulted in a number of murders.
Published online in May by ICAEW Farming & Rural Business Community Newsletter

Rollover relief, Coronavirus - disclosure & deferred tax
Julie Butler - FCA, Joint Managing Partner and Andy Case - FCCA, Partner, look at the ‘tight’ Rollover relief time limits following the property market in lockdown.
Published online in May by ICAEW Farming & Rural Business Community Newsletter

Carry on farming
Julie Butler FCA looks at how the threats posed by the coronavirus epidemic may mean that tax planning minds should be focused on succession planning, particularly in the farming sector.
Published in TAXATION 30 April 2020

When Leeds Cricket took on HMRC
Julie Butler FCA looks at the importance of the Leeds Cricket decision in the light of the Budget 2020.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Main residence relief and new CGT returns
Julie Butler FCA, joint managing partner, looks into who could now fall into the new CGT returns category, and the due date for the first submission and payment.
Published in TAXline practical points (081)

Debts, gifts and loans – a farming problem
This article was originally published in Farm Tax Brief Volume 35 Issue 3
30 March 2020

Leeds Cricket Football & Athletic Company (LCFA) – land with income stream or land with a business
This article was originally published in Farm Tax Brief Volume 35 Issue 3
30 March 2020

From the tribunals - Valuing a farm and an equine estate for probate
This article was originally published in Farm Tax Brief Volume 35 Issue 3
30 March 2020

Grazing licence success
Joint Managing Partner Julie Butler FCA considers a successful claim for APR and BPR
This article published in Small Business Tax & Finance is not publically available, please contact the office on (01962) 735544 for the password to view this article

Can Money Grow on Trees
Julie Butler FCA considers the commercial and tax strategy of Woodland
Published in TAX Adviser - www.taxadvisermagazine.com

Availability of averaging to a farming partnership
Taxation Readers’ forum question answered by Libby James ACA CTA Tax & Accounts Associate
Published in Taxation 12 March 2020

Rectification of farm partnership accounts
This article was originally published in Farm Tax Brief Volume 35 Issue 2
20 March 2020

Are rewilding and eco-tourism agriculture
This article was originally published in Farm Tax Brief Volume 35 Issue 2
20 March 2020

From the tribunals - Grazing licence success
This article was originally published in Farm Tax Brief Volume 35 Issue 2
20 March 2020

From the tribunals - Tractor and trailer units are not tools for purposes of the “renewals basis”
This article was originally published in Farm Tax Brief Volume 35 Issue 1
17 February 2020

Farmhouse expenses and rent
This article was originally published in Farm Tax Brief Volume 35 Issue 1
17 February 2020

Tips for maintaining farming and inheritance tax reliefs
Julie Butler FCA is quoted in this article which looks at how farmers and landowners should check their business structures and do some housekeeping to ensure they qualify for valuable tax reliefs.
This article published in Farmers Weekly is not publically available, please contact the office on (01962) 735544 for the password to view this article

Country Life
Julie Butler FCA and Fred Butler MSc ATT look at areas of concern for the adviser with an ageing faming population considering making lifetime gifts to take advantage of reliefs while they’re still available following the Office of Tax Simplification’s review of lifetime gifts.
Published in PS https://communities.lawsociety.org.uk/private-client/

Holdover relief on farmhouse not occupied by the owner
Taxation Readers’ forum question answered by Fred Butler MSc ATT, Senior Tax Manager – Farming & Equine Department.
Published in Taxation 9 January 2020

SDLT mixed use - beware the traps
Julie Butler FCA – Joint Managing Partner, and Fred Butler ATT – Tax Manager look at how a recent case has shown how increasingly punishing HMRC are being over the ‘mixed-use’ rate for Stamp Duty Land Tax.
Published online by ICAEW Farming & Rural Business Community Newsletter