Scrutton Bland Agriculture and Farming Newsletter

When is a farm not a farm? When the status of a farm as a business is challenged by HMRC it is often too late to make any

changes that could have prevented a substantial tax liability arising, says Graham Doubtfire , Private Client Tax Partner. Such events often occur when looking at capital taxes, particularly Inheritance Tax arising on death but to a lesser extent Capital Gains Tax, and the matter that has triggered the tax liability will already have occurred.

1 2 | SCRUTTON BLAND | AGRICULTURE AND FARMING

Made with FlippingBook Learn more on our blog