Farm Earnings

Please click on the link to see a cross section of our annual client benchmarking report.

Divorce in a Farming Family - Test Case

Divorce in a farming family can lead to a lot of problems.

Please click on the link to see an example of how one farming divorce case was settled by the Courts.

Farm with Tax Problem and Solution

• Partnership husband and wife. Three small children.
• 285ha farm
• One let cottage
• 750,000 broilers
• 670 ewes
• 104 sucklers
• 70 hectares cereals
• Net profits in 2010/11 £143,211 targeted
• Had tax bill pending £41,947

Solution

• By changing legal structure
• Retaining partnership
• Changing way machinery is purchased
• Treatment of subsidy charged profile

Allowed

• A reduction in tax down to £20,429 saving £21,518
• Family able to claim tax credits worth £13,260/year