Mitchells
Chartered Accountants
Taxation
At Mitchells, we understand the unique taxation challenges faced by our agricultural clients. We specialise in tax planning services that leverage specialist tax reliefs and exemptions available to farmers. With our deep understanding of the agricultural sector, we are the ideal partner to maximise tax efficiencies and safeguard your assets.
Business Tax
With proactive tax planning, you can be confident you are in the best hands. We ensure the benefits of herd basis elections are fully realised, alongside other tailored tax reliefs. Our expertise guarantees that you maximise every opportunity.
Personal Tax
We offer expert personal tax planning utilising sector relevant reliefs such as farmers' averaging to smooth income over fluctuating years. We also act for high net worth clients looking after their affairs and ensuring they stay compliant.
Corporation Tax
Our corporation tax services help businesses optimise savings by leveraging lower tax rates and efficient fund usage. We provide expert guidance on SIPP/ SSAS arrangements and ensure you fully understanding the outcomes.
Inheritance Tax
We help you protect and preserve your assets by utilising reliefs such as Agricultural Property Relief and Business Property Relief, ensuring your wealth is efficiently transferred to future generations mitigating any unforeseen tax burdens.
Capital Allowances
We pride ourselves in our capital allowance claims taking advantage of these precious allowances. Whether buying a farm, building a grain store or simply investing in capital equipment, we have the knowledge to maximise your claims.
Capital Gains Tax
With years of experience we can effectively reduce your tax liabilities by utilising reliefs such as Business Asset Disposal Relief, Gift Relief, and Rollover Relief, ensuring your money goes
further and grows faster.
Annual Dwelling Tax
We guide you through ATED filings, including claiming exemptions for rental businesses and farmhouses. We assist with property valuations and ensure timely submission of Relief Declaration Returns.
Trust Tax
We accurately prepare and submit trust tax returns, covering all types of trust income and gains. Our expertise ensures compliance and clear, precise reporting tailored to your trust's needs.
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Stamp Duty Tax
We provide strategic advice on SDLT, including reliefs for multiple dwellings and mixed-use properties. Our guidance helps minimize SDLT liabilities and ensures compliance with all regulations.