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Taxation in agriculture covers how farmers and agribusinesses handle taxes on income and profits, VAT, payroll, and capital gains, as well as reliefs and schemes specifically available to farming. A solicitor in this area advises on structuring farming businesses for tax efficiency, identifies reliefs such as agricultural relief from inheritance tax and capital allowances, and handles HM Revenue & Customs enquiries, audits, and disputes, including tax-led disputes and claims for relief or refunds. They also assist with VAT registration and compliance for farming activities.
What a solicitor handles in these matters
Tax matters in farming involve applying complex reliefs and exemptions, navigating VAT rules for agricultural activities, capital allowances for equipment and land, and responding to HMRC enquiries. The solicitor drafts and negotiates tax arrangements, defends against disputes, and ensures compliance with revenue procedures to protect the client’s position.
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