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Agricultural Matters
Defra: Farming is Changing
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<blockquote data-quote="steveR" data-source="post: 6527385" data-attributes="member: 66976"><p>The issue I have with this and other options that are being discussed, is how will HMRC will assess them...</p><p></p><p>Lump sum sounds like a "give with one hand, take back with the other" sort of offering from the Govt. Unless it's a tax free offering.</p><p></p><p>The other concern with putting whole farms into what is in effect a zero production system, is how HMRC will deal with income and APR on death. Sound rather like non farming Farmers who HMRC are looking very closely at.</p><p></p><p>All in, another minefield...</p></blockquote><p></p>
[QUOTE="steveR, post: 6527385, member: 66976"] The issue I have with this and other options that are being discussed, is how will HMRC will assess them... Lump sum sounds like a "give with one hand, take back with the other" sort of offering from the Govt. Unless it's a tax free offering. The other concern with putting whole farms into what is in effect a zero production system, is how HMRC will deal with income and APR on death. Sound rather like non farming Farmers who HMRC are looking very closely at. All in, another minefield... [/QUOTE]
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Defra: Farming is Changing
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