If you are considering selling part or all of your farming business you may be able to pay less Capital Gains Tax (CGT) if you qualify for Business Asset Disposal Relief (BADR).
The calculation of Stamp Duty Land Tax (SDLT) when buying additional farm property can be extremely complicated and where the purchase includes a residential property a number of issues can arise.
A recent report has claimed that a handful of tax reliefs, supposedly only available to the wealthiest minority of the population, cost the Government £4bn a year in lost revenue, – and suggests that they should be removed in the upcoming Spring Budget
Armstrong Watson is delighted to announce that Corporate Tax Partner Becky Bowness has taken on the role of Head of Tax and leads the firm’s tax service lines across all 18 offices throughout the North of England and Scotland.