Agriculture
We’re here for the farming community.
With 16 offices across Devon and Somerset, we are never very far from the agricultural community that underpins much of rural life. We have been dealing with farmers and taxation matters for over 40 years and so have a wealth of experience to draw from.
Specialist Advisers
Get in touch with one of our specialist advisers to see how we can help your business.
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How will the farmers lump sum exit scheme be taxed?
DEFRA and HMRC have at long last clarified the tax treatment of the proposed lump sum payment to be made to farmers to exit the industry. The lump sum exit scheme was originally proposed last year but it was not clear whether it would be taxable as income or capital. It has now been confirmed
30/06/22
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Westcotts’ new agricultural business adviser has farming in his blood
Westcotts’ new agricultural business adviser has farming in his blood A new agricultural business expert appointed by Westcotts brings with him a wealth of experience of Devon’s farming industry. Will Fisher, who joins the firm’s agricultural consultancy, has been working in the sector for more than eight years and will be acting for clients across
07/12/22
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Diversifying a farm business – some key considerations
Diversifying a farm business – some key considerations In a bid to increase their profits and create some financial stability, more and more farmers are looking at diversifying their agricultural and farming activities. This comes after Brexit where previous EU farming subsidies have become uncertain, and many farmers are struggling to forecast their future income.
21/04/23