Farming

Farming is a very major industry in the south west and the firm has been deeply involved with a range of farming clients for many years. Accounting for and the taxation of farmers is a specialist area in which the rules are constantly on the move. Paul Smith leads our agricultural section and accounting services for farmers who manage many 1,000s of acres in Cornwall, Devon and Dorset.

Paul is hugely experienced in ensuring that all our farmers are aware of the range of agricultural grants and know the right tax breaks. We have strong links with specialist agricultural consultants, to whom referrals can be made when required and also links with land agents.

We advise on business strategy and planning, and assist with contract farming and share farming arrangements, together with succession planning. We are experts on inheritance tax and capital tax planning opportunities for farms and estates.

We understand the need for diversification in farm activities and can advise and assist in cases where this is useful.