2019

In the Spotlight
Libby James ACA, Tax and Accounts Associate focuses on the points Farmers should bear in mind when considering capital expenditure whilst the increased annual investment allowance and subsidies remain available.
Published in Taxation

The lasting power of attorney as a tax-planning tool
This article was originally published in Farm Tax Brief Volume 34 Issue 10
28 November 2019

Cheshire Cavity Storage 1 Ltd and capital allowances
This article was originally published in Farm Tax Brief Volume 34 Issue 9
7 November 2019

Binding independent tax and legal advice
Julie Butler looks at how farming families, who trade in partnership, can avoid disputes by taking good legal and tax advice from the beginning, when agreeing on tax and legal treatment of various areas surrounding the farming partnership.
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

The profitability of woodland
Joint Managing Partner Julie Butler FCA and Fred Butler, MSc ATT, Tax Manager – Farming & Equine Department, look at factors driving the profitability of woodland together with a reminder of the tax reliefs and exemptions available. They go over commercial woodland, inheritance tax, APR and BPR and when woodland activity is farming, among other things.
Written for ICAEW, published in TAXline

Valuing farm junk – the IHT pitfalls
This article was originally published in Farm Tax Brief Volume 34 Issue 8
5 October 2019

Taking care with capital allowances – Glais Care Home v HMRC
This article was originally published in Farm Tax Brief Volume 34 Issue 8
5 October 2019

Tax relief, the slurry pit and the “window of opportunity”
This article was originally published in Farm Tax Brief Volume 34 Issue 8
5 October 2019

Letting lacuna?
In this article Fred and Malcolm explain how capital gains tax holdover relief might be obtained on a let cottage. The Article has been written by Fred Butler, Tax Manager – Farm & Equine Department and Malcolm Gunn, consultant with Butler & Co, author of Tolley’s Inheritance Tax and joint author with Julie Butler of Stanley: Taxation of Farmers and Landowners.
Published in Taxation

Will MTD improve accuracy of farm accounts?
Joint Managing Partners Julie Butler FCA and Lucinda Knighton ACA explain the importance of rigorous financial accounting and the impact of MTD for VAT.
Published online by Accountancy Daily

Putting farmland out to pasture
Julie Butler highlights the key tax headaches of diversifying away from traditional farming with regard to the UK Agriculture Bill 2017-19.
Published in STEP Journal (Julie Butler, ‘Putting farmland out to pasture’, STEP Journal (Vol27 Iss7), pp.74-75)

Furnished holiday accommodation business evidence
This article was originally published in Farm Tax Brief Volume 34 Issue 7
August/September 2019

Keep on trading - how farm diversification is organised
This article was originally published in Farm Tax Brief Volume 34 Issue 7
August/September 2019

Property prospects
Julie Butler FCA, Joint Managing Partner considers the potential tax advantage of selling residential farm cottages before 6 April 2020.
Published in Taxation

The profitability of woodland
In this article Joint Managing Partner Julie Butler FCA and Tax and Fred Butler MSc ATT, Tax Manager – Farm & Equine Department explore the tax implications of owning woodland.
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

Tax planning: lasting power of attorney for farmers
Setting up a lasting power of attorney is a shrewd move for farmers as they prepare to pass their business to the next generation, giving them flexibility and protection from a punitive tax bill says Julie Butler FCA, Joint Managing Partner in this article written jointly with Tax and Accounts Associate Libby James ACA.
Published online by Accountancy Daily

SDLT Advantage of mixed use property
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Wayleaves
In this article, Joint Managing Partner, Julie Butler FCA looks at whether wayleaves are farm property income, trading income or capital sums.
Published in TAXLine

The importance of probate activities in connection to farming
This article was originally published in Farm Tax Brief Volume 34 Issue 6
19 July 2019

The Agriculture Bill – considering the inheritance tax position of “public goods” delivery
This article was originally published in Farm Tax Brief Volume 34 Issue 5
15 June 2019

Shooting syndicates and VAT
This article was originally published in Farm Tax Brief Volume 34 Issue 5
15 June 2019

Grain silo is plant – tax planning and annual investment allowances
This article was originally published in Farm Tax Brief Volume 34 Issue 4

Tax for trees
Joint Managing Partner, Julie Butler FCA and Fred Butler MSc ATT, Tax Manager – Farm & Equine Department explain the various tax advantages for woodlands and the relative importance of such property to the tax treatment of farms.
Published in Taxation

The interaction of surviving spouse exemption with APR/BPR
Reproduced by kind permission of LawSkills Ltd from their website (www.lawskills.co.uk). A site dedicated to helping Private Client Practitioners.

Taxation of woodlands and Brexit
This article was originally published in Farm Tax Brief Volume 34 Issue 4
2 May 2019

Farm tax planning through land registration
This article was originally published in Farm Tax Brief Volume 34 Issue 4
2 May 2019

AIA of £1m and the 25% cap on losses
This article was originally published in Farm Tax Brief Volume 34 Issue 3
26 April 2019

Tax planning around the caravan
This article was originally published in Farm Tax Brief Volume 34 Issue 3
April 2019

Grain silo is plant
First published in Tax Journal on 9 April 2019 (www.taxjournal.com) and reproduced with kind permission. All rights reserved.

Newly built farm cottage not qualifying for rollover relief
Joint Managing Partner Julie Butler FCA examines the availability of rollover relief for farm assets.
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 risk of not understanding land capital accounts
This article was originally published in Farm Tax Brief Volume 34 Issue 2

CGT planning for farms
In this article Joint Managing Partner Julie Butler FCA and Tax and Accounts Associate Libby James ACA examine the executors’ responsibility to capital gains tax planning on farms.
Published in TAXAdviser Magazine

Country Cottage
Julie Butler FCA, Joint Managing Partner warns how the apparently idyllic country cottage can give rise to less than happy tax issues.
Published in TAXATION

Rollover and replacement potential for farms needs the correct understanding of ownership
Published online by ICAEW Farming & Rural Business Community newsletter

“Mars adjustment” on death of a sole trader
Published online by Lawskills

The importance of evidence of unoccupied property renovation for VAT advantage
Joint Managing Partner Julie Butler FCA explains why is can be advantageous for farm residences to be unoccupied prior to renovation.
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

Land registration as a tax planning tool
Published in TAXline practical points (034)

IHT Planning and the Larke v Nugus statement
Published in TAXline practical points (033)

IHT liabilities valuing farm machinery
Julie Butler looks at the VAT and tax considerations for a Taxation reader whose Client bought 10 goats for ‘Goat Yoga’ classes.
Published online by Accountancy Daily

Tax implications of yoga classes with animals
Julie Butler looks at the VAT and tax considerations for a Taxation reader whose Client bought 10 goats for ‘Goat Yoga’ classes.
Published in Taxation

Grist for the mill
Managing Partner Julie Butler and Associate Libby James highlight the tax implications to bear in mind when navigating the UK Agricultural Bill 2017-19
Published in STEP Journal

Diversified Farm Probate valuations become more complex & with greater risk
Julie Butler looks at how the farm probate valuation has and will become much more complicated with all the changes currently facing farming, eg. new planning permission guidelines, the need for increased diversifications; the Agriculture Bill promoting delivery of “public products” together with the recent significant tax tribunal cases such as Vigne and Graham.
Published online by Lawskills