Agricultural Expertise

Being in the heart of Somerset, we take pride in supporting local farms and associated agricultural and rural businesses.  We use the expertise we have developed in this area to understand the challenges posed by the industry and assist with the ever changing issues that these businesses and their owners face.

As well as assisting you to comply with your statutory requirements, we also advise on specific matters that are of importance to our farming clients, recently including:

  • changes to the tax allowances on plant and machinery purchases and making the most of the available allowances,
  • succession planning and inheritance tax,
  • Solar energy projects
  • Utilising farmer's averaging rules to reduce the tax impact of profit swings
  • Making herd basis elections maximise the tax advantages of running a herd of animals.
  • Business diversification

For more information, please contact us.

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Tel: 01749 685000

Email:

Chalmers HB
20 Chamberlain Street
Wells
Somerset
BA5 2PF


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Chalmers HB Limited, Registered in England, Registered number 4233537, Registered Office: 20 Chamberlain Street Wells Somerset BA5 2PF. Chalmers HB Audit Limited, Registered in England, Registered number 9739736, Registered Office: 20 Chamberlain Street, Wells, Somerset BA5 2PF.