At Complete Capital Allowance, we assist farmers and agricultural businesses in claiming capital allowances by identifying qualifying assets to maximise tax relief. Here’s how we help:

1. Identification of Qualifying Assets

Plant and Machinery: This includes tractors, combine harvesters, ploughs, and other farming equipment.

Farm Buildings and Structures: Items such as barns, silos, and other storage facilities.

Integral Features: Electrical systems, heating and cooling systems, water systems, and other integral features within farm buildings.

Environmental and Energy-Saving Equipment: Assets such as solar panels, wind turbines, and other renewable energy installations.

2. Detailed Property Survey

On-Site Assessment: A detailed survey of the farm to identify all potential qualifying expenditures. This can involve a physical visit or a remote assessment using provided data, our unique software and documentation.

Embedded Fixtures: Identification of less obvious qualifying fixtures that are part of the farm’s infrastructure, which may be overlooked by non-specialists.

3. Preparation of Reports

Comprehensive Reporting: We prepare a detailed report that lists all qualifying assets and their respective values, which forms the basis for the capital allowances claim.

Documentation for HMRC: Ensuring all necessary documentation is prepared and submitted to HMRC, including any justifications and explanations needed to support the claim.

4. Submission and Follow-Up

Handling HMRC Queries: Managing any questions or concerns raised by HMRC during the claim process.

Efficient Processing: Streamlining the process to ensure the claim is processed as quickly as possible, typically within 4 to 8 weeks.

Benefits to the Farmer or Agriculture Business

Tax Savings: Significant reductions in taxable income, leading to lower tax liabilities.

Cash Flow Improvement: Immediate tax relief through mechanisms like the Annual Investment Allowance (AIA), which allows up to £1 million of expenditure to be deducted in the year of purchase.

Expert Knowledge: Leveraging the expertise of Complete Capital Allowances tax and surveying specialists to ensure no qualifying expenditure is missed.

Examples of Specific Claims for Farmers

Farm Equipment: Tractors, harvesters, milking machines, and irrigation systems.

Buildings and Structures: New barns, storage facilities, and silos.

Infrastructure Improvements: Drainage systems, roadways, and fencing.

Renewable Energy Projects: Installation of solar panels, wind turbines, and biogas plants.

How the Process Works

1. Consultation: Initial meeting to discuss the farmer’s assets and potential for claiming capital allowances.

2. Validation: Review of the farm’s assets and expenditures to determine eligibility.

3. Survey: Detailed survey to document all qualifying assets.

4. Report Preparation: Compilation of a comprehensive report detailing the claim.

5. Submission: Filing the claim with HMRC and handling any follow-up queries.

6. Tax Relief: We have been 100% successful with our claims.

Contact the team at Complete Capital Allowance and start your claim today.