Julie Butler is a farm and equine tax expert and the author of Tax Planning for Farm and Land Diversification and Equine Tax Planning (both Bloomsbury), and Stanley: Taxation of Farmers and Landowners (LexisNexis)
Julie Butler and Fred Butler offer advice on the farm ownership structure and providing for strong succession planning.
Following recent changes to the current system of tax relief for buy-to-let investors, landlords now face a punishing tax regime if they stay in the market. Julie Butler suggests a way out: changing the status of the property to a furnished holiday letting
A number of recent cases point to a worrying new trend by HM Revenue & Customs, whereby it assesses farms as investment rather than trading businesses – which do not therefore qualify for business property relief. Julie Butler explains what action farmers need to take