This Bloomsbury Professional book examines traditional farming and diversification in the light of tax and planning procedures. It explores the current trend to diversify away from pure food production, and the turn towards alternative land use for the purpose of profitable enterprise. It also covers forms of tax planning that are necessary to cope with the upheavals facing all those in farming communities. It will be very useful for advisers who wish to gain a general understanding of farming, diversification, tax planning and the big changes that are facing the agricultural world.
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Chapter 2 Diversification – alternative land use, grants and impact on the basic tax planning
Chapter 7 Tax planning for fixed assets and stock incorporating the phasing out of quota
Chapter 12 Hobby and lifestyle farming and use of farming losses
Chapter 13 Planning the best use of APR and BPR for inheritance tax
Chapter 20 Single farm payment – the tax implications