Farms and estates produce a unique set of accountancy issues and the team at LFB, led by Gary Markham, have significant experience in supporting land owners. We work with our clients to develop an understanding of their circumstances and create tax planning structures that take into account family dynamics within modern business structures. Since 1992, Gary has produced the Rural Business Survey using the annual results from clients' farming businesses.
This report enables our clients to benchmark their performance against similar businesses. We hold annual seminars in the autumn where we discuss the Rural Business Survey results and a wide range of topical subjects. Alongside the annual accounts meeting we can also chair a Family AGM, which would include the non-farming siblings.
This enables families to focus on their goals, values and rules and ultimately can result in a family agreement which gives a balance of capital tax relief and handing over control to the next generation.Much of what we do involves helping farming families approach, discuss and resolve delicate subjects such as succession, restructuring or mediation in family disputes.
This report enables our clients to benchmark their performance against similar businesses. We hold annual seminars in the autumn where we discuss the Rural Business Survey results and a wide range of topical subjects. Alongside the annual accounts meeting we can also chair a Family AGM, which would include the non-farming siblings.
This enables families to focus on their goals, values and rules and ultimately can result in a family agreement which gives a balance of capital tax relief and handing over control to the next generation.Much of what we do involves helping farming families approach, discuss and resolve delicate subjects such as succession, restructuring or mediation in family disputes.
Services
Gary studied at Seale Hayne and the Royal Agricultural College before joining Grant Thornton in 1987 and is a member of the Agricultural Law Association.
He has been involved in practical farm management and worked for the NFU and the Barclays Bank Group.
In 1990/91 he worked in Australia lecturing at Marcus Oldham Agricultural College in farm and equine management.
Gary is the author of the first and second editions of the Institute of Chartered Accountants Accountancy and Auditing Guide for Farming.
He has been involved in practical farm management and worked for the NFU and the Barclays Bank Group.
In 1990/91 he worked in Australia lecturing at Marcus Oldham Agricultural College in farm and equine management.
Gary is the author of the first and second editions of the Institute of Chartered Accountants Accountancy and Auditing Guide for Farming.
Following on from the Budget any speculated reforms to capital taxes received scant attention albeit with a somewhat ominous postponement of any pain until 2026, therein lies the big unknown.
We will keep you posted.
We would be happy to discuss any further questions you may have and we hope that later this year we will be able to extend an invitation to join us for a more traditional get together.
We will keep you posted.
We would be happy to discuss any further questions you may have and we hope that later this year we will be able to extend an invitation to join us for a more traditional get together.
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