A new trade in renewables

In the third part of his series on farming tax, Michael Steed looks at the opportunities available by diversifying into renewables

This is the third and final part of my Back to Basics articles on farming tax and I want to review some of the tax effects of farmers diversifying into renewables. So what’s on offer for farmers seeking diversification into renewables? Let’s start with some bad news. There have been some UK government incentives for producers of renewable energy in the near past, but these have now reduced to a trickle.