![179189](https://www.taxation.co.uk/images/default-source/woodwing/179189.png?sfvrsn=4115369c_2)
Key points
- The use of slurry as fertiliser can lead to tax reliefs.
- Farmers should consider their slurry ‘liquid gold’ in terms of saving money and being carbon and tax efficient.
- The capital allowances on the storage and protection of the slurry must not be overlooked with the interaction of the detail of the relevant grants.
The spreading of fertiliser including ‘slurry’ and the question of who spreads it can be very important as part of the portfolio of evidence for proving trading activity and the act of ‘agriculture’ and farming for a number of tax reliefs. For the trading activity see ‘Focus on trade’ Taxation 13 July 2023. Such matters can be questioned by HMRC in agricultural income tax loss claims and agricultural property relief (APR) for inheritance tax (IHT). How the fertiliser/slurry is kept can be very important for claims for capital allowances....
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.