Self Assessment - Cash in investments buy land for farming
by Helen
(Norfolk, England)
Hi Please could you help me - A farmer has cashed in his overseas investments and uk isa's and has bought some extra land for farming livestock. Where and how do I show this on the tax return, am I able to claim AIA and when / what if at all can I claim allowances or income for keeping the land agricultural so to speak ?
Any advice would be appreciated as this is an area I have not covered before.
Kind regards and many thanks