We understand that managing a farm or landed estate requires time, commitment, and expertise, and recognise that running a farm or estate is more than just a business to our clients – it’s a way of life

Accounting for farms and landed estates requires an understanding of different ownership structures and each individual enterprise’s unique set up. At PKF Smith Cooper, we have many years of experience in preparing accounts for farms and estates, dealing with their specific tax requirements, and providing strategic advice.

Our unique set up means that we are able to offer the high level of expert advice across the taxes that one would expect from a national firm, at a far more cost-effective price.

We also ensure that we make time for our clients and are very happy to meet you at your premises without passing on the cost of travel.

How we can help

Our team have many years of experience of dealing with farms, landed estates, private trusts, and their related entities. We build relationships with our clients that will last a long time and have the skills to look after more than one generation within our clients’ families.

The expertise gained from looking after clients – as well as their various challenges and projects – can be used to help find solutions that are tailored to your own particular circumstances.

From the outset, we are committed to putting in the time needed to truly get to know and understand your estate, and to continue that regular communication, ensuring a proactive and personal service.

Having access to a whole breadth of services internally means that we look at your affairs holistically and always use a team-based approach both within PKF Smith Cooper, and with other advisers, land agents and lawyers particularly.

Some of the services we can help with

We offer significant experience in the following areas:

  • Accounts and tax compliance
  • Farm accounts
  • Property accounts and tax
  • Trust accounts and tax
  • VAT reporting
  • Payroll issues

Specialist tax services

There are specific tax rules that need to be understood in order to advise many farms and estates.

Our expertise includes:

  • Income tax issues such as herd basis elections, farmers averaging, loss reliefs and restrictions, let property reliefs and restrictions
  • Employment tax issues, rewarding and retaining key employees
  • Capital gains tax reliefs such as holdover and rollover reliefs and structuring for business asset disposal relief, dealing with part disposals of property
  • Inheritance tax – business and agricultural property relief, planning using different family ownership structures
  • VAT advisory services relating to land and property transactions, holiday lets, partial exemption, building and construction
  • Trust taxation and advice
  • Heritage tax issues for example Heritage Maintenance Funds and Conditional Exemption
  • Mineral extraction and royalty payments
  • Dealing with Inland Revenue enquiries and applying for clearance for important transactions or planning

Our experienced specialists aim to help you grow and nurture your business with confidence, and are there to support you every step of the way. Whatever your requirements, we’ll work with you to help you achieve your objectives. Get in touch with our team today.

Key experts

Catherine Desmond

Private Client Partner

Ashbourne

Bruce Montgomery

Accounts Partner

Ashbourne

Gavin West

Head of VAT and Indirect Taxes

Derby

Natalie Pollard

Tax Senior Manager

Ashbourne

Nicola Roberts

Accounts and Tax Manager

Ashbourne