Do you support both sole traders and larger landed estates?
Yes. Durrani & Co supports family farms, agribusinesses, agricultural contractors, and landed estates. With offices in London and Luton, we provide face-to-face expertise to take the stress out of tax season for businesses of all sizes.
Can you help with corporation tax planning and VAT obligations for my farm?
Yes. Our team helps you navigate corporation tax planning, VAT obligations, and management accounts. We provide clear, actionable insights into your business’s health to ensure informed decisions during busy planting and harvest periods.
What makes agricultural accounting different from standard bookkeeping?
It demands a deep understanding of seasonal cash flows, capital allowances for machinery, and specific tax reliefs available to the sector. Durrani & Co provides tailored advice that goes beyond simple compliance to reflect your operations’ true performance.
Farm succession tax planning, APR, BPR and the new £1m cap explained.
Agricultural Property Relief is often treated as a silver bullet for farm succession, but rising land values, strict usage tests, and upcoming caps mean many estates remain exposed to heavy Inheritance Tax bills. Here is what actually works.
Can I claim capital allowances on new machinery, tractors, and farm buildings?
Yes. The Annual Investment Allowance (AIA) and Full Expensing rules allow farming businesses to deduct 100% of the cost of qualifying plant and machinery against taxable profits in the year of purchase.
How can we protect our farm from Inheritance Tax during succession planning?
Agricultural Property Relief (APR) and Business Property Relief (BPR) can provide up to 100% relief from Inheritance Tax on qualified farmland, farmhouses, and agricultural buildings. We help structure ownership and tenancy agreements to ensure these crucial reliefs are fully protected.
How does farm profit averaging work to reduce my tax bill?
Farmers and market gardeners can elect to average their profits over a two-year or five-year period if profits fluctuate significantly. This evens out high and low income years, potentially moving you into lower tax brackets and reclaiming overpaid tax.
Agriculture
Our dedicated agricultural accounting team works alongside family farms, agribusinesses, landed estates, and agricultural contractors across the UK.
