My background is that I trained as a chartered accountant and when I set up my own business I realised more clearly how important the tax was to the clients.
With specialising in farms and equines I was made very aware of the need for an easy to read tax guide and hence TPFLD was born over 20 years ago.
I have been in this area for almost 40 years and at the time of writing it has never been busier. Farming is going through so much change and the whole horse riding world grew in Covid lockdown with the need for fresh air and to enjoy the UK rather than fly.
‘Farming for the environment’ is big with the Agriculture Act 2020 and the current ‘saving the planet’ focus. Farming has been lacking profitability so diversification has become both commercially necessary and ‘on trend’. Big trend increases in glamping, holiday accommodation, liveries, rural weddings and woodlands have been very noticeable.
For farmers and advisers to keep up to date with the broad base of all tax implications of all the changes to farming and farm subsidies especially ELMs (environmental land management schemes) which is covered throughout the book. With the threats to capital taxes, lifetime gifting and succession planning have been in focus.
