This report provides the necessary technical information for the practitioner dealing with the taxation of farms. Drawing together all the relevant information, statutes and case law it provides practical and authoritative advice, worked examples and the relevant statements of practice. It includes the Finance Act 1988, emphasises income tax and capital gains tax problems, information on milk and potato quotas, stock valuations/herd basis, losses, PAYE/P11D matters, extension of rollover relief plus it gives planning advice.
