R&D Tax Relief for Farmers
Farmers can use R&D tax credits to inject cash flow into their farms, via the R&D tax credits scheme. To see if you can apply, and for R&D farming examples, we’ve made a short guide below. Our dedicated farming pod is also here to help.
To help farmers make the most of what’s available, we’ve published a short introductory guide for those wishing to explore the R&D farming tax credits scheme. The scheme allows farmers to reduce corporate tax bills or receive a tax refund, based on a proportion of R&D spend.
You need to be liable for Corporation Tax in the UK, and meet necessary R&D criteria. You need to run your R&D as a specific project, aiming to make an advance in a field, but funding also covers unsuccessful projects. Take a look at our R&D in Farming Guide (PDF), containing examples in:
- pig farming
- poultry farming
- dairy farming
- arable farming
Download: R&D in Farming Guide (PDF)
For further advice on R&D tax relief in farming, please contact our team of specialists at LHP on email@example.com or ring 01267 237534.