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Filtered By Category: Agriculture

Feb 16 2021

Getting the right support for your agricultural business

Categories: AgricultureTaxation

Different businesses will have different tax issues to consider whether those issues relate to VAT, Income Tax, Capital Gains Tax, Inheritance Tax (IHT) or in some cases, all of these. An example of this is an equestrian business, whose tax needs would depend on whether it is a diversified part of a larger family business, more

Dec 15 2020

Annual Investment Allowance spending reprieve

Categories: Agriculture

2020 has been a difficult year for all businesses, with COVID-19 restrictions meaning the closure of pubs, restaurants and the near wipe out of any large gatherings such as agricultural shows, weddings etc. This had led to many farmers being very concerned over the demand for their produce as much of this would be consumed more

Nov 24 2020

Supporting our clients, Peacehill Farming Limited

Categories: AgricultureCorporate Finance

Peacehill Farming Limited is a large and diverse family run company based in Wormit, Fife. The Forster family have farmed at Peacehill since 1926, now in the 4th generation, the business is run by Ross Forster in conjunction with his wife Emma and parents, Peter and Mary. We have acted for the family for over 20 more

Nov 19 2020

Plan ahead to capitalise on vital tax relief extension

Categories: Agriculture

The Government recently extended the temporary increase of the Annual Investment Allowance (AIA) until 1 January 2022. It was due to revert to £200,000 at the end of 2020, but it will now remain at £1m for another year to help stimulate investment. The AIA provides 100% tax relief on qualifying capital expenditure up to more

Sep 23 2020

A golden era for farm borrowing?

Categories: Agriculture

Farming is a capital intensive industry with money required to fund land, buildings, machinery and stock. More recently, many businesses will have also borrowed to invest in on farm renewables. The latest statistics available from 2018 show that bank advances to Scottish agriculture totalled £2.34bn. To put this in context, the area of crops and more

Sep 7 2020

Sustainable Agriculture Capital Grant Scheme

Categories: Agriculture

Many of our agricultural clients often ask about grant opportunities. These are not as frequent or as generous as they once were, however the Scottish Government have just launched their Sustainable Agriculture Capital Grant Scheme (SACGS). This pilot grant scheme opens for application today (7th September) and will be close at midnight on 11 October more

Jul 28 2020

Why keeping in contact and technology are vital in current times

Categories: AgricultureCOVID-19

Recent times have shown how important it is to keep in contact with your key advisors. Although our EQ Agriculture team were disappointed not being able to meet our clients at the summer show circuit, we have still maintained regular contact whether it be in relation to COVID-19 support measures, or other business issues as more

Jul 20 2020

National Basic Payment Support Scheme 2020

Categories: AgricultureCOVID-19

To support farmers and crofters affected by the COVID-19 pandemic, the Scottish Government has announced that a National Basic Payment Support Scheme 2020 (NBPSS20) will deliver the equivalent of 95% of Basic Payment Scheme (BPS) and Greening monies to farmers as early as September this year. The scheme will give farmers access to vital financial more