Tax Planning

Capital tax planning

Working closely with our clients and in a timely manner we will carry out a comprehensive review of your estate. This will help ensure that assets are passed on in a tax efficient manner to the next generation.

Capital allowance planning

The loss of relief for farm buildings and major changes to the capital allowance regime means that we actively get involved before any capital project begins to ensure that you maximise your capital allowance claim.

Six year loss planning

Farming and horticulture have a restriction that only allows it to offset losses from its farming trade against other income for five successive years. This ability is lost in the sixth year therefore it is important to make sure that the business is proactive in working towards a profit in its sixth year or before if at all possible.