Capital allowances for agriculture
Grain dryers, milking parlours, cold storage, irrigation and renewable installations qualify. As featured in Farmers Weekly and Polo Times.
Across the UK, arable farmers, dairy producers and equestrian centres are recovering tax on equipment that forms part of their buildings. With more than 8,500 claims completed, we work with farmers, landowners, agricultural businesses and rural accountants on mixed farms, poultry units, dairy enterprises and equestrian facilities.
A dairy farmer in Yorkshire reclaimed more than £80,000 in tax relief on the milking parlour and automated feeding system. A family-run arable farm in Cambridgeshire identified £120,000 of allowances on grain drying and irrigation equipment, and reinvested the saving in modernising the business.
Every claim is fully HMRC compliant, and there is no fee if we can’t identify previously unclaimed allowances.
What qualifies
Legislation that matters
Barns, sheds and other farm buildings built under contracts entered from 29 October 2018 earn 3% a year on construction cost. Agricultural Buildings Allowance ended in 2011, so SBA is now the only relief for the shell.
A horticultural planteria was held to be a structure, not plant. The line between a building that houses the business and apparatus that performs it decides every rural claim, which is why we survey rather than estimate.
Solar panels are special rate expenditure at 6% a year unless the AIA covers them, which on most farms it can.
Recent agriculture claims
The UK’s leading capital allowance specialists
Embedded allowances need a property survey, a valuation and specialist tax knowledge. Most accountancy firms claim invoiced items such as furniture and computers, but don’t have the surveying resource to identify fixtures built into the fabric of a building.
Allowances are not deducted from the cost of the asset when calculating a gain (s41 TCGA 1992), so a claim cannot create or increase a chargeable gain. They can restrict a capital loss, and on a sale the s198 election decides what passes to the buyer, so plan it into the transaction.
Every claim is documented to stand up to scrutiny, and we support you throughout any HMRC enquiry. To date every report we have submitted has been approved.
No. If we can’t identify previously unclaimed allowances, there is no fee. Full fee terms are set out in our engagement letter.
Two minutes, no obligation, and no fee if we can’t identify previously unclaimed allowances.
