Agriculture Seminar 3 March 2010

AGRICULTURE SEMINAR

The Salmon Room
Buccleuch Arms Hotel, St Boswells

Wednesday 3 March 2010 – 6.30pm

We would like to invite you to the above seminar, details of which can be found below.

It is aimed at informing farming clients of their options with regard to the single farm payment, ways to finance asset purchases and the tax breaks available on the purchase of assets, including agricultural buildings. We feel the presentations to be given on the evening will be of interest and we recommend them to you.

We aim to make them as topical and helpful as possible and not to bombard you with complex jargon all night. We hope some of the information you will hear will encourage you to discuss it further with us and allow us to be pro-active on your behalf and where possible provide a tax saving benefit for you.

We will all be on hand to chat about any matter after the seminar and, of course, would be happy to hear from you at any time in the office if you wish further advice on any topic.

We look forward to welcoming you from 6.30pm onwards at the Salmon Room, Buccleuch Arms Hotel, St Boswells on 3 March 2010 for drinks and canapés. Refreshments will be served after the presentations.

If you feel this may be of interest to a friend or colleague we would be delighted if you invited them along too.

Please could you reply as soon as possible to reserve your place and let us have the names of those attending together with any guests you may be bringing.

AGRICULTURE SEMINAR

Single Farm Payment – tick the euro box?
Asset finance – which option?
Purchasing assets – what are the tax breaks?

In the first of a series of seminars for our agricultural clients we have invited Jimmy McLean of the Royal Bank of Scotland to give us the most up to date information on minimising the risk of exchange rate fluctuations on single farm payments, and to comment on the banks view of the economic outlook.

We have also asked Brian Leitch of Lombard Asset Finance to explain various methods of financing business assets, highlighting the differences between hire purchase, leasing and contract hire and touching on some other less frequently seen methods of financing which may be of interest to those looking to finance assets in the future.

Finally, Vivien Hogg of Hogg and Thorburn will explain the tax treatment of financing assets on the various options discussed. She will also explain some of the many changes that have been made to tax allowances on the purchase of business assets, including the demise of the Agricultural Buildings Allowance and the introduction of the new Annual Investment Allowance.