Farming Articles

The importance of the commercial use of woodlands
This article was originally published in Farm Tax Brief Volume 36 Issue 9

Cheshire Cavity Storage – Upper Tribunal
This article was originally published in Farm Tax Brief Volume 36 Issue 9

Farm succession planning
Julie Butler FCA, Founding Director of Butler & Co Alresford Limited looks at why it is essential that the tax discussions take place at an early stage of farm succession planning.
Published by ICAEW Farming & Rural Business Community Newsletter

Plan ahead for large input VAT claims and incorporation
Julie Butler FCA, Founding Director of Butler & Co Alresford Limited examines the implications of a recent VAT case.
This article published in Small Business Tax & Finance is not publicly available, please contact the office on (01926) 735544 for the password to view this article.

Glamping, Airbnb and the super-deduction on the farm
This article was originally published in Farm Tax Brief Volume 36 Issue 8

Grain silo, long-term assets and the super-deduction for capital expenditure
This article was originally published in Farm Tax Brief Volume 36 Issue 8

Farming peculiarities
Julie Butler FCA, Founding Director of Butler & Co Alresford Limited and Lucy Knighton ACA MAAT, Managing Director of Butler & Co Chartered Accountants consider the impact of basis period reform for farmers in this 3 page article.
Published in TAXATION

Farmers’ exit payments
Julie Butler FCA, Founder and Joint Managing Partner looks at the uncertainty around the tax position facing farmers taking advantage of the government’s lump sum exit payment scheme planned for April 2022.
Published in TAXline

Farm business tenancies after Brexit
Julie Butler FCA, Founder and Joint Managing Partner, and Libby James ACA CTA, Tax & Account Associate investigate how farm business tenancies (FBTs) and contract farming arrangements (CFAs) will be affected as we move from the EU’s common agricultural policy to a new farm support system, with reference to inheritance tax and capital gains tax.
Tax Faculty members can access this article following the link: Farm business tenancies after Brexit | ICAEW

Farmers Exit Payment Still Unknown (Practical Point)
Julie Butler FCA, Founder and Joint Managing Partner looks at the changes currently facing farming and why NOW is the time to ensure that all legal agreements are in writing and the tax considerations and planning are both up-to-date and understood.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Farming Property Transformation
Joint Managing Partners Julie Butler FCA and Lucy Knighton ACA MAAT discuss the decision in E Balnakeil in relation to repurposing farm buildings into holiday accommodation.
Published in Taxation

Escape to the Country
In the second of a two-part series, Julie Butler FCA, joint Managing Partner and Fred Butler ATT, Senior Tax Manager, provide a beginner’s guide for conveyancers to some of the key tax issues relating to agricultural property.
Published by Property in Practice

Farms: CGT and ascertained value for accounts
With farmland values remaining high and some farmers looking to sell farmland, sometimes in small blocks, the base cost for capital gains tax (CGT) becomes a key consideration. Julie Butler FCA, joint Managing Partner at Butler and Co, examines the accounting and tax planning priorities.
Published online by Accountancy Daily

New build farmhouse VAT and CGT considerations
This article was originally published in Farm Tax Brief Volume 36 Issue 7

Advice on tax and timing when surrendering an AHA tenancy
Julie Butler FCA, is quoted on tenancy surrender in this article by Suzie Horne
Published online in Farmers Weekly, this article can be viewed via https://www.fwi.co.uk/business/business-management/tenancies-rents/advice-on-tax-and-timing-when-surrendering-an-aha-tenancy" title="Advice on tax and timing when surrendering an AHA tenancy

Correction Of Farm Accounts To Protect Tax Reliefs
Julie Butler FCA, Founder and Joint Managing Partner, looks at the importance of the forensic understanding of the farm accounts with all the changes facing the farming world, particularly the Agriculture Act and capital taxes reforms.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners

Conditional sale of farmland
Julie Butler FCA, Founder and Joint Managing Partner looks at the need for immediate CGT planning following the shock news that CGT rates were not increased in the 2021 budget.
Published in TAXline practical points (169)

Farming arrangements
Julie Butler FCA, Founder and Joint Managing Partner explains the tax advantages and disadvantages of contract farming, share farming and grazing agreements.
Published in TAXATION

Farm partnerships and companies – beware binding contract for sale and muddled succession arrangements
This article was originally published in Farm Tax Brief Volume 36 Issue 5

Line of country
In the first of a two-part series Julie Butler FCA, Founder and Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager provide a beginner’s guide for conveyancers to some key issues relating to agricultural property
Published in Property in Practice

The ATED sting – redevelopment of a property is not a trade
This article was originally published in Farm Tax Brief Volume 36 Issue 4

The Farmhouse enigma and care provided by family members
Julie Butler FCA, Founder and Joint Managing Partner looks at the complex tax areas that could arise any time that any children take up occupation of a house to look after parents, full advice should be taken with regard to the valuation impact, ownership and IHT impact.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

The super complex super deduction
Julie Butler FCA, Founder & Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager – Farming & Equine Department, consider feedback concerning the application of the super deduction to farmers wishing to diversify into holiday accommodation.
Published in TAXATION

The specifics of what happened to the crops need to be looked into
Joint Managing Partner Lucy Knighton ACA MAAT, answers a reader’s question regarding the partial exemption dilemma facing a farming partnership
Published in TAXATION

Happy glampers
Julie Butler FCA, Founder & Joint Managing Partner and Fred Butler MSc ATT, Senior Tax Manager, look at the application of the super deduction tax relief to different types of holiday accommodation.
Published in TAXATION

Build, Build, Build – consider the redundant buildings
Julie Butler FCA, Founder and Joint Managing Partner, looks at the opportunities and associated tax planning requirements for the rental and development of redundant buildings and offices etc with the proposed dramatic change to the planning rules since the Town and Country Planning Act of 1947.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

The Farmhouse and care provided by family members
Julie Butler FCA, Founder and Joint Managing Partner considers the tax and legal implications for all the family to consider when the non-farming child comes to live in the house to look after their parents.
Published in TAXline practical points (068)

Consultation on planning law reform
Julie Butler FCA, Founder and Joint Managing Partner looks at the changes ahead for planning potentials for farmers with the government’s consultation on planning law reform proposing the biggest change to the UK planning system in over 70 years.
Published in TAXline practical points (0.41)

Natural capital accounting and tax
Julie Butler FCA, Founder and Joint Managing Partner takes a further look at natural capital and the tax and accounting position.
Published in TAXline practical point (007) – this is a follow-up to practical point 253 displayed on our website dated November 2020

All Change
Julie Butler FCA, Founder and Joint Managing Partner looks at the dramatic changes approaching for the farming industry.
Published in TAXATION

Farm intestacy problems under Covid-19 restrictions
Julie Butler FCA, Founder and Joint Managing Partner looks at the importance of farmers and their advisers also focusing on the Will and indeed full succession planning within the farming community whilst considering Covid-19 approval complications.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Ground control
Julie Butler FCA, Founder and Joint Managing Partner underlines the importance of estate and tax planning in the context of farm disputes in England and Wales.
Published in STEP Journal Issue 1 2021 (Julie Butler, ‘Ground control’, STEP Journal (Vol29 Iss1), pp.47-49)

Farm Development gains and ‘rollover’ into AIM Shares
Published by ICAEW Farming & Rural Business Community Newsletter

Farm signatures, legal agreements with formal understanding and approval
Published by ICAEW Farming & Rural Business Community Newsletter