If you are considering diversification in your farming activities, you need to be aware that diversification will not work for every business. To find out if diversification is the right choice for you, you should be ready to discuss with your professional advisor:
We were thrilled to be part of last night’s annual Western Morning News Business Awards, where we not only sponsored the “Family Business of the Year” category but we also received a “highly commended” award ourselves for the work we do communicating with clients.
A company purchase of own shares has for many years been a useful tool to enable a shareholder to exit from a company. Provided the company has sufficient cash and distributable reserves, the company can purchase the shares. This is often a useful alternative to the continuing shareholders acquiring the shares which may pose funding or other issues.
A number of people in the East Devon area have recently received phone calls purporting to be from HMRC. Recipients of these phone calls are told that they owe money to HMRC and are threatened with legal action.This is a scam- please do not reply to this message.
1 December 2017
The former Chancellor, Roy Jenkins, once described inheritance tax as “a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue”.
The principle holds true today: many options remain to save inheritance tax and thereby maximise the value to be passed down to one’s intended beneficiaries such as children and grandchildren.
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