Facing rising costs and tax reforms? Here’s the tax relief you are asking for.
British farmers are navigating uncertain times with rising costs, tighter regulations, and looming inheritance tax reforms. While these challenges feel overwhelming, there’s a financial lifeline you might not have considered: Capital Allowances.
Surprisingly, fewer than 20% of commercial property owners have ever claimed this valuable tax relief, and many farmers miss out simply because traditional accountants don’t have the required knowledge of construction, plant and machinery and statutory policy to accurately maximise these claims.
What Are Capital Allowances?
Capital Allowances are a government-backed form of tax relief that allows commercial property owners to offset qualifying expenditures against their taxable income. For farmers, this could include investments in:
- Agricultural buildings.
- Equipment and machinery.
- Infrastructure like drainage or energy-efficient systems.
By claiming these allowances, you can significantly reduce your tax liability, freeing up cash to reinvest in your farm and its future or simply reducing the total tax payable to HMRC through an accurate claim.
The Hidden Potential in Farm Assets
We work with farmers across the country and many don’t realise that qualifying expenses for Capital Allowances are hidden in their existing infrastructure. This could include:
- Barns, storage facilities, and workshops.
- Milking parlours or grain silos.
- Embedded plant and machinery such as turbines or solar panels.
Our specialist team can identify, value and claim these hidden allowances, ensuring you’re not paying any more tax than required.
Why Haven’t You Heard About This?
Capital Allowances are often overlooked by conventional accountants who may not specialise in property-related tax relief. At HMA Tax, we focus exclusively on unlocking the full potential of your farm’s assets, helping you claim what you’re entitled to and reducing your overall tax bill.
Real Savings for Real Farmers
Here’s how Capital Allowances have helped UK property owners like you:
- A farming business claimed over £120,000 in tax relief on infrastructure upgrades.
- A rural estate offset the cost of building new grain storage with a £75,000 allowance.
- Renewable energy installations reclaimed significant costs through this scheme.
How We Can Help You
At HMA Tax, we have a proven track record of maximising Capital Allowance claims for commercial property owners, including farms. We handle the entire process, from initial assessment to filing your claim, so you can focus on running your farm.
Take the Next Step
Call us today at 01384 904090 or email alex.choma@hma.tax for a no-obligation assessment to determine if your property is eligible and estimated tax relief for a claim.
Use our online calculator to estimate your tax relief.
