A free seminar aimed at farmers, growers and professional advisers in the rural community is to be hosted by Lanyon Bowdler and John Amos & Co at the Point4 in Hereford on Thursday 31 May 2012.
The seminar will see Lanyon Bowdler’s private client practitioner Derek Cook, who is based at the firm’s Hereford office on King Street, explain the often confusing aspects of tax issues, diversification and succession planning, and look at maximising and preserving reliefs. Of particular importance to those in the farming community will be Derek’s review of tax treatment, which has evolved as Her Majesty’s Revenue & Customs (HMRC) seek to define ‘farming’. It was previously thought that the farmhouse was safe, and always qualified for tax relief, but recent cases have demonstrated that HMRC will query eligibility for 100% Agricultural Property Relief (APR) if they feel it is not ‘character appropriate.’
John Amos will review the current proposals for the 2014 Payment Update. There is due to be a complete overhaul of subsidies in agriculture and it is expected that the UK will move to this new system in 2014. Whilst information is still not fully available and the systems remain to be negotiated, there are already a number of likely factors to change under the new system. John Amos will discuss the main points of the new system as per the current proposals - essential information for anyone involved in farming and the rural community.
In addition, Lanyon Bowdler’s head of dispute resolution, Brian Evans, will be talking about Rural Payments Agency overpayment claims.
The seminar starts at 11am and finishes at 1pm. A buffet lunch will be served after the presentations. To book a place contact Rachel Donaghey on 01952 224047 begin_of_the_skype_highlighting 01952 224047 end_of_the_skype_highlighting or email rachel.donaghey@lblaw.co.uk
