Media Centre > Press Releases > Raspberries or gooseberries? It can affect your tax.

Raspberries or gooseberries? It can affect your tax.

Release date: 28/02/2013

Farmers could be losing out on valuable tax breaks because they don’t know what’s available, says a leading South West tax expert.

Paul Aplin, tax partner at A.C. Mole & Sons and chairman of the influential Tax Faculty technical committee at the Institute of Chartered Accountants, says that even the kind of fruit a farmer grows can make a difference.
“Raspberries or gooseberries – it can affect your tax bill,” he says.
He explained that the annual investment allowance (AIA), which lets farmers claim 100% of the cost of capital investment as tax deductible in the year it is spent, has been increased from £25,000 a year to £250,000.
This, he said, will benefit farmers buying new equipment or putting up buildings. While the “bricks and mortar” element of a farm building will not qualify, a number of specific parts of the build cost will, if you know what you are looking for. The tax man has also recently made concessions on two types of farm asset which will also now qualify.
HMRC used to take the view that polytunnels are fixed structures and do not qualify. They now accept that polytunnels which have to be moved because the same patch of ground cannot be used year after year may qualify – but the crop has to be grown in the ground, not in grow bags or on trestle tables. Polytunnels used for growing raspberries are more likely to be moved regularly than ones used for growing gooseberries - and more likely therefore to qualify for capital allowances.
The second change is on greenhouses with integrated computer-controlled irrigation, heating and climate control systems to extend the growing season. HMRC now accepts that these qualify.
“As with everything in tax, the facts of each case will be different and there is no substitute for discussing your plans in detail with your accountant. For tax, even the kind of fruit you grow can make a difference,” says Paul.

Media Release
Stafford House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX. Tel: 01823 624450
Media enquiries
Linda Findlay T: 01392 841402 M: 07598 753 088 E:
Paul Aplin is available for interview on this issue. Please contact Linda Findlay, details above, or contact Paul direct on M: 07739 892194 E:
Notes for editors
A C Mole & Sons is an independent West Country firm of Chartered Accountants and Chartered Tax Advisers with several thousand clients across the UK. Clients are both individuals and businesses spanning a broad range of sectors including farming, the motor trade, manufacturing, retail, leisure and professional services.
The firm filed the UK’s first ever electronic tax return in 1997 and has a national award winning tax team.
Stephen Golby is the firm’s managing partner and advises a wide range of businesses.
David Perry and Chris Loveluck specialise in advising the farming community on tax and finance issues.
Paul Aplin OBE is a tax partner with the firm and is also Chairman of the Tax Faculty Technical Committee of the Institute of Chartered Accountants in England and Wales and a member of H M Revenue & Customs Administrative Burdens Advisory Board.

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Stafford House
Blackbrook Park Avenue
Taunton Somerset
Telephone: 01823 624450

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