Tax Allowances (Farmers)

HC Deb 25 March 1986 vol 94 cc425-6W

Mr. Chope

asked the Chancellor of the Exchequer if he will list the tax allowances available to farmers in the financial year 1986–87.

Mr. Moore

Tax allowances available to farmers comprise the normal range of personal and business allowances and deductions; and there are also special provisions which enable them in certain circumstances to obtain relief when their profits fluctuate from year to year. In addition, persons engaged in husbandry may claim relief under the system of agricultural buildings allowances for the capital costs of constructing agricultural buildings and works.