Gaia Wind in liquidation

[Princess Pooper]

As for the Revenue its not classed as part of farm income so cannot be offsett against losses to help with the 5 year rule.

But that (and exclusion from averaging calcs) is nothing new, any significant farm diversification has (or should have) always been excluded in the calculation of farming losses, it is not unique to renewables income. https://www.hawsons.co.uk/agricultural-diversification-beware-tax-pitfalls/ That is why I cannot understand what this fuss is all about, this has always been the case but it looks as though someone either did not take tax advice before proceeding or has been badly advised.

 

[S J H]

Don't build industries on false money - like farming?

Yes, that was my point.

 

[S J H]

You be surprised how many "industries" received grants ,subsidies and sweetners ???

For employment and to regenerate poor areas though?

 

[renewablejohn]

But that (and exclusion from averaging calcs) is nothing new, any significant farm diversification has (or should have) always been excluded in the calculation of farming losses, it is not unique to renewables income. https://www.hawsons.co.uk/agricultural-diversification-beware-tax-pitfalls/ That is why I cannot understand what this fuss is all about, this has always been the case but it looks as though someone either did not take tax advice before proceeding or has been badly advised.

Just very good salespersons from the wind turbine industry suggesting that farmers could improve there FARM income by purchasing a wind turbine without going through the tax implications. A lot of farmers just thought it was another piece of plant and machinery like a diesel generator which is most similar to a wind turbine so I can see the confusion. HMRC should have been challenged on this point by the likes of NFU and CLA with some test cases but its far to late now.

 

[Still Farming]

For employment and to regenerate poor areas though?

Aledgedly !

 

[Still Farming]

Just very good salespersons from the wind turbine industry suggesting that farmers could improve there FARM income by purchasing a wind turbine without going through the tax implications. A lot of farmers just thought it was another piece of plant and machinery like a diesel generator which is most similar to a wind turbine so I can see the confusion. HMRC should have been challenged on this point by the likes of NFU and CLA with some test cases but its far to late now.

We live in hope.

 

[e3120]

Dont be so quick to dismiss, the rates exemption I believe is only English valuation office and does not apply to Wales. As for the Revenue its not classed as part of farm income so cannot be offsett against losses to help with the 5 year rule. You could even be double taxed with farm losses you cannot use but with wind turbine income which you have to pay tax on.

As I understood the first mention of profit, it was regarding the turbine(s) from a standalone perspective i.e. were they breaking even yet. If they weren't generating any profit on that basis, then I can't see how there'd be any tax liability, regardless of accounting methods. The bit I had issue with was the suggestion that the revenue would be a reason for lack of profits; this is back to front to me - profits then revenue.

In my view, if there are profits on a standalone basis, then a bit of tax is due. Those profits only exist because of skimming off somewhere else in the treasury (RHI) or energy bills (FIT, of which I'm a recipient). Should Joe Public further subsidise (i.e. as well as BPS etc) loss-making farming enterprises without at least seeing a slice back?

Not picking an argument - you know the subject better than most of us!

 

[renewablejohn]

Problem is its not a stand alone basis unless you have sold the farmland prior to the turbine being built. If the land is still owned by the farm then the loss of IHT could easily wipe out any revenue generated throughout the life of the turbine.

 

[Exfarmer]

I really dont understand this, Do some people never take advice from accountants? If you are suddenly gettinga latge income from a new source, did you not think there may be tax implecations. If th3 business had been set up correctly there would have been no issues

 

[renewablejohn]

I really dont understand this, Do some people never take advice from accountants? If you are suddenly gettinga latge income from a new source, did you not think there may be tax implecations. If th3 business had been set up correctly there would have been no issues

Unfortunately that appears to be the case. I normally only find out after the event being asked what I would do in such a position by which time its to late. As you say good advice at the right time would normally alleviate the problem but there seems to be an acute shortage of farming savvy accountants.

 

[Still Farming]

And also Scheme's and rule's that change see other threads more applicable than this model turbine heading .
What' s good today is not often good tomorrow.
Profit is profit.
Losses are losses.
It's the way their utilised and small detail that the Revenue get you by looks like .

 

[renewablejohn]

HMRC will always try it on because they know the defendant cannot recover there legal costs against HMRC.

 

[Eastender]

Getting back to the title of the thread - I have 2 Gaia turbines which were installed in 2011/12 and have been very pleased with them as they have averaged almost 34500 kWh each every year since they were installed. One of the attractions when we bought them was that many of the components are "off the shelf" for example the braking system was derived from a Volvo truck. If as looks likely, they are no more, I am not too worried about being able to obtain spares in the future should they be required. Our installation and servicing was and is carried out by the excellent Sustainable Energy Systems (SES) based at Preston in Lancashire. They have assured me that spares, including in due course, blades, will be available. If any owners have concerns, I suggest they speak with them to put their minds at rest.

 

[Still Farming]

Remaining big firms may "mop" it all up !

 

[Princess Pooper]

Getting back to the title of the thread - I have 2 Gaia turbines which were installed in 2011/12 and have been very pleased with them as they have averaged almost 34500 kWh each every year since they were installed. One of the attractions when we bought them was that many of the components are "off the shelf" for example the braking system was derived from a Volvo truck. If as looks likely, they are no more, I am not too worried about being able to obtain spares in the future should they be required. Our installation and servicing was and is carried out by the excellent Sustainable Energy Systems (SES) based at Preston in Lancashire. They have assured me that spares, including in due course, blades, will be available. If any owners have concerns, I suggest they speak with them to put their minds at rest.

Yes, as one who was caught by the collapse first of all of Mosscliff and then Endurance, it can be pretty scary at the time, especially if your turbine is not functioning when the axe falls. We lost a lot of money due to our turbine being 'down' when Endurance went under, but once the parts supply chain is reinstated and notwithstanding any losses due to paid-for service contracts, or worthless warranties, life goes on.

 

[WindCare]

If there are any Gaia-Wind turbine owners on here needing service and/or maintenance support please call WindCare on 01751 472595.


We have been looking after these turbines since 2011 and did a lot of work for Gaia direct. We have about 200 Gaia turbines on our books across the UK and also have access to all parts for the Gaia turbine.

Thanks.

Lewis Papa

01751 472595

07813 526774

[email protected]

 

[jcb360]

If there are any Gaia-Wind turbine owners on here needing service and/or maintenance support please call WindCare on 01751 472595.


We have been looking after these turbines since 2011 and did a lot of work for Gaia direct. We have about 200 Gaia turbines on our books across the UK and also have access to all parts for the Gaia turbine.

Thanks.

Lewis Papa

01751 472595

07813 526774

[email protected]

Do you have blades in stock?

 

[WindCare]

Do you have blades in stock?

We just fitted our last 2 blades. There are more on the way . Do you need a new blade? Give us a call and we can try and help.

thanks.

Lewis.

 

[WindCare]

We are also selling parts to Gaia customers who's turbines we don't look after.

Lewis.

 

[cowboysupper]

Getting back to the title of the thread - I have 2 Gaia turbines which were installed in 2011/12 and have been very pleased with them as they have averaged almost 34500 kWh each every year since they were installed. One of the attractions when we bought them was that many of the components are "off the shelf" for example the braking system was derived from a Volvo truck. If as looks likely, they are no more, I am not too worried about being able to obtain spares in the future should they be required. Our installation and servicing was and is carried out by the excellent Sustainable Energy Systems (SES) based at Preston in Lancashire. They have assured me that spares, including in due course, blades, will be available. If any owners have concerns, I suggest they speak with them to put their minds at rest.

Our installer told us blades were the only part that would be hard to source if it breaks. Fingers crossed that never happens!