Diversification can be the ideal way of providing a new income stream to the farm business and making use of under utilised assets. Finance and planning permission are often top considerations for new projects but is the potential business rates liability being overlooked? Farmers are in a privileged position when it comes to rates, with […]
Posted on November 16th, 2018 by Ellen Cottrell
Earlier this week, Philip Hammond delivered his Autumn 2018 budget, the last before Brexit. It would seem there is some good news for those looking at significantly investing in their farm business. From the 1st January 2019, the Annual Investment Allowance (AIA) is being increased five times from £200,000 to £1,000,000 for a period […]
Posted on November 1st, 2018 by Ellen Cottrell
From the 1st April 2017, changes to Small Business Rate Relief have meant properties with a rateable value of £12,000 or less should be paying no business rates at all. The emphasis is on the ratepayer to apply for the relief with only one application required that will last for the entire life of […]
Posted on September 19th, 2018 by Ellen Cottrell
Business rates as they are commonly referred to are actually called Non-Domestic Rates and therefore can apply to any property classed as non-domestic whether used privately or as part of a business. They are a form of local taxation which are collected by the local council to help pay for local services. Your rating […]
Posted on July 10th, 2018 by Ellen Cottrell