Podcast Location:
Download it here [file size: 20.7 MB]
Part of:
Law in the Countryside CPD Training Bundle
Tax & Planning
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast is aimed at those practitioners who deal with private client issues for those living in the countryside. It discusses some of the key points practitioners should bear in mind with regard to the issues for tax planning and reliefs where rural land has development value beyond agriculture and advising on strategies for development, the importance of the farmhouse as well as strategies for putting equine businesses in a state to qualify for BPR or APR, renewable energy and deeds of variation.

After completing the course you will:
  • Be aware of the challenges facing professionals advising on tax mitigation strategies when land has development value over and above its agricultural value;
  • Be aware of the importance of the proposed reforms to the CAP;
  • Understand the importance of the status of the farmhouse and its place as part of the farming activity;
  • Know the key points for putting an equine business into a fit state sufficient to qualify for APR or BPR;
  • Be aware of the options and tax efficiency of using land for the production of renewable energy;
  • Be aware of the role of deeds of variation to re-organize an estate to be more tax efficient.
Complex Difficulty: 4 of 5
Practical Guide
Sources and References:
  • Income Tax Act 2007 s 996(2);
  • McCall and Keenan v HMRC [2009] NICA 1;
  • Prosser v The Commissioners of Inland Revenue [2003] UKSC SPC00362;
  • Arnander & Ors Executors of McKenna Deceased v Revenue & Customs [2006] UKSPC SPC00565;
  • Golding and another v HMRC [2011] UKFTT 351 (TC);
  • Lloyds TSB Bank Plc (Antrobus Deceased) v Inland Revenue [2002] UKSC SPC00336;
  • Wheatley's Executors v CIR (SpC 149) [1998] STI 559;
  • Atkinson V HMRC [2010] UK FTT 108;
  • Agnew v Revenue & Customs [2010] UKFTT 272 (TC);
  • Ashcroft v Barnsdale & Ors [2010] EWHC 1948 (Ch).

In this two part CPDcast mini-series chartered accountant and rural business expert Julie Butler looks at a number of tax planning issues affecting business owners in the countryside and how they might mitigate their tax position when passing assets down a generation. Part 2 of the mini-series focuses on strategies for equine businesses, managing claims for APR and issues in valuing land with development potential (including renewable energy) and important tools to mitigate tax including deeds of variation.

Podcast added: 07/07/11

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