Home

Latest News

selling-farm-buildings

By David Threlkeld

24th October 2022

Tax issues on selling buildings

It is the time of year when farms and farm buildings change hands. Here we explore the tax issues that need to be considered – both Income tax and Capital Gains Tax.

Read this post
farming-oilseed-new-methods

By Andrew Robinson

24th October 2022

Don't knock it until you've tried it!

Andrew Robinson gives examples of how farmers are adapting their farming methods for the future, and reaping the benefits, rather than looking sceptically over the hedge at those doing "different things".

Read this post
farm buildings VAT

By Jonathan York

24th October 2022

New use for farm buildings - beware the VAT issues

It is common for traditional farm buildings to become unsuitable for modern farming methods, or for a change in farming policy to result in empty buildings. It may make sense to refurbish these buildings so that they can be rented out for non-farming use, and in this article, we will look at the VAT issues that might arise.

Read this post
tractor in field

By Keith Johnston

24th October 2022

Tax cuts, tax rises and U-turns

With all of the changes that have occurred recently within Parliament, it is easy to lose track. Here we will try to summarise the tax changes that will impact farming businesses, as it now stands, in late October.

Read this post
Tractor fertiliser

By Jonathan York

14th July 2022

Tips on approaching your bank for extra facilities

There is no sign of any relief from the increased cost of fertiliser, fuel, feeds, etc in the coming months. Selling prices of most commodities have also increased, but whether the increased income is sufficient to cover the increased costs is another matter.

Read this post

By Armstrong Watson

14th July 2022

Be prepared to plan properly for the future and be wary of knee jerk reactions

Chris Edmunds, Director of Davidson & Robertson based in Cockermouth provides some thoughts on helping farmers and landowners to continue to thrive.

Read this post

By Jonathan York

15th June 2022

7 top tips for farm businesses

British farming is in the midst of major change, from shifts to new support schemes, to playing an key role in combatting climate change and food security issues.

Read this post

By Keith Johnston

15th June 2022

Basic Payment Scheme - Lump sum exit scheme and delinked payments

We are all are aware that the Basic Payment Scheme (BPS) in England is being phased out between now and 2027, and that this will have a massive impact on farmers, but how will the lump-sum exit scheme work, together with the de-linking of the remaining BPS payments from 2024? And what about capital losses that will arise when entitlements cease to have any value?

Read this post
money saving tax

By Andrew Robinson

14th June 2022

Tax efficient profit share in a partnership

Each month we answer some of the most pressing questions sent in by farmers as part of the Farmer’s Weekly Business Clinic.

Read this post

By Andrew Robinson

30th May 2022

Higher tax bills next year?

Here we will look at how some Cumbrian farmers may face an unwelcome tax bill in January 2023, and what can be done to reduce pressure on cashflows.

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.