Discription

Tax Planning for Farm and Land Diversification, Fifth Edition has been extensively updated to cover all the developments in this area, in particular regarding subsidies, property development and Brexit-led implications, as well as a greater emphasis on probate preparation and disputes. Every chapter has been updated to take account of the numerous changes in agriculture since the previous edition. As such, it covers: - The need to consider issues of undue influence, lifetime gifts and the role of the executor and beneficiary penalties for farming families - Consideration of the 'glamping' and Airbnb diversification and associated tax implications - Additional tax planning possibilities where sale of development land is anticipated including 'slice of the action' schemes and overage for farmers - HMRC's current approach to business property relief claims for livery businesses - Update on entrepreneurs' relief and the tax treatment of barter transactions and overall areas of woodlands - The impact of FRS 102 and FRS 105 on the farming industry and the impact on stock - Consideration of the HS232 Farm Stock Valuation (2015) (updated April 2016) and its practical implications for stock valuations