Our top tax tips for farming families and those in the agriculture industry.
Top tax tips for farming families
read more
Farming & agriculture
Changes to the Employment Allowance from April 2020
HMRC announced that from Monday 6 April 2020, the eligibility rules for claiming the Employment Allowance (EA) will change. Before you claim you will now have to make extra checks to find out if you are eligible to claim.
Claim a VAT refund if you build a home – don’t leave it too late!
If you are building a new home or converting a non-residential building (such as a barn) into a home, you may be able...
Know your Plant and Machinery Allowances
It’s that time of year again, the nights are long and it’s the start of a new year. Whilst the thought of harvest 2020...
Will Inheritance Tax be charged on my farmhouse when I die?
We are often asked about how Inheritance Tax (IHT) will be charged on farmhouses at Ellacotts. Sometimes the answer is...
Do you know about Business Asset Rollover Relief?
Business Asset Rollover Relief allows you to delay your payment of Capital Gains Tax (CGT) if you dispose of business assets and use all or part of the proceeds to buy new business assets.
Are you taking advantage of Farmers’ Averaging tax relief?
Farmers’ Averaging is a tax relief which can be applied to farming profits as long as certain conditions are met.
When does grain storage qualify for tax relief?
An area that causes confusion is grain storage because at first glance, it appears to fall onto the excluded lists. However, this is not always the case.
Are your farm workers employed or self-employed?
Relief milkers, seasonal tractor drivers and part-time grooms often fall into this grey area of the “gig economy”.
Contact us
Have a question or need to get in touch?
Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2023 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
T: +44 (0)1295 250401
Birmingham
Kettering
Vantage House
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000
