PracticeConsultingTAKING STOCK – WILY OLD BIRD MAKES PROFIT FROM A FARM.

TAKING STOCK - WILY OLD BIRD MAKES PROFIT FROM A FARM.

Common pursuits have been embraced with gusto by venerable and seatless aristos Andrew Robert Buxton Cavendish, the eleventh Duke of Devonshire, and his Mitford sister wife, Debo. The Duke and Duchess have gone down the path of diversification and the taxman is at the top of their mind as they make a legitimate tweak or two with tax claims to help keep the 500-year-old Chatsworth House ticking. Debo has opened a second farm shop in London’s Belgravia to sell the Duchess’s Marmalade and Duke’s Favourite Sausages. Wily old bird she is, tax experts say Debo can claim agricultural buildings allowance for the London shop although 200 miles from the ‘farm’. ‘Produce sold at the shop in Belgravia is produced on the estate’, explains Jon Golding, senior tax writer with Butterworths Tolley. ‘The shop will qualify for ABAs and that it is situated in Belgravia and not Derbyshire makes no difference to the legitimacy of the claim.’

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer