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By Jonathan York

21st February 2024

Are your farm contractors really self-employed?

Farm businesses need to ensure they correctly determine the employment status of their contractors and be aware of National Minimum Wage changes. 

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By Dan Cozens

5th December 2023

When is the best time to think about succession planning?

Succession planning is a vital process for any agricultural business to ensure the business continues to be successful for the younger generation, whilst allowing the current owners the ability to step back. But when should you be starting to think about putting a plan in place?

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By Keith Johnston

29th November 2023

The Autumn statement - Impact on farm businesses

While there was little of specific interest for agriculture in the recent Autumn Statement, there were some announcements in the Chancellor’s raft of new measures that may impact farm businesses. In other areas – notably Inheritance Tax - (IHT) announcements that were speculated did not materialise.

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By David Threlkeld

16th November 2023

£1.6m IHT tax dispute highlights complexities of reliefs for farm businesses

It can be dangerous to assume that all the assets owned by a farming family will be exempt from Inheritance Tax (IHT). Here we look at a recent tax tribunal in which £1.6m of IHT was at stake and the family concerned were denied their claim for Business Property Relief. 

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By Andrew Robinson

7th November 2023

Northern Farming Conference embraces change and innovation for sustainable agriculture

The Northern Farming Conference is an inspiring annual event and this year - under the banner of ‘Tomorrow’s Farming Today’ - highlighted how farmers are adapting to the challenges presented by the loss of BPS payments and the need to make their farming practices more environmental and sustainable.

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By Armstrong Watson

2nd November 2023

Views of family and owner-manged business sought for Armstrong Watson’s 2023 survey

Call for family and owner-managed businesses to share their views as part of 2023 survey to help provide a vital insight into the challenges they face, aspirations they have and opportunities available.

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By Andrew Robinson

15th October 2023

Farmers Weekly finalists demonstrate ways to replace lost BPS income

Armstrong Watson's Head of Agriculture Andrew Robinson had the honour of judging the annual Farmers Weekly Awards for a second year in a row. He explains how the winners, finalists and nominees this year demonstrated an acceptance to change and do something different to survive with reduced financial support. 

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By Andrew Robinson

4th October 2023

BPS losses: Opportunity for farmers to save Capital Gains Tax

It is no longer necessary to hold BPS entitlements to receive payments. As a result, entitlements ceased to have any value on 16 May 2023. However, this may give farmers the opportunity to generate a Capital Gains Tax (CGT) loss which for many will result in a significant tax saving in the future.

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By Keith Johnston

31st August 2023

Hidden Inheritance Tax pitfalls for farming businesses

It is dangerous to assume that 100% Agricultural Property Relief (APR) or Business Property Relief (BPR) will apply to every asset that is passed on in a modern farming business. There are many cases where HMRC has argued that part of a farming business is chargeable to Inheritance Tax (IHT).

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By Armstrong Watson

31st August 2023

‘Mind Your Head’: charity urges farmers to look after their mental health

The Farm Safety Foundation, also known as Yellow Wellies, exists to support the physical and mental wellbeing of the UK’s farmers. Stephanie Berkeley explains that poor mental health is one of the biggest hidden problems facing the industry but there is help out there. 

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