Tax Planning for Farm and Land Diversification

by Julie Butler

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Book cover for Tax Planning for Farm and Land Diversification

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Tax Planning for Farm and Land Diversification, Fifth Edition has been extensively updated to cover all the developments in this area, in particular regarding subsidies, property development and Brexit-led implications, as well as a greater emphasis on probate preparation and disputes.

Every chapter has been updated to take account of the numerous changes in agriculture since the previous edition. As such, it covers:
- The need to consider issues of undue influence, lifetime gifts and the role of the executor and beneficiary penalties for farming families
- Consideration of the 'glamping' and Airbnb diversification and associated tax implications
- Additional tax planning possibilities where sale of development land is anticipated including 'slice of the action' schemes and overage for farmers
- HMRC's current approach to business property relief claims for livery businesses
- Update on entrepreneurs' relief and the tax treatment of barter transactions and overall areas of woodlands
- The impact of FRS 102 and FRS 105 on the farming industry and the impact on stock
- Consideration of the HS232 Farm Stock Valuation (2015) (updated April 2016) and its practical implications for stock valuations
  • ISBN10 1526506661
  • ISBN13 9781526506665
  • Publish Date 29 October 2018 (first published 25 October 2018)
  • Publish Status Active
  • Publish Country GB
  • Publisher Bloomsbury Publishing PLC
  • Imprint Bloomsbury Professional