This book is a must-read for all who want to use FBT
in their practice.
This has enabled FBT
to benefit from positive news coming out of small- and mid-sized biotech companies, such as breakthrough treatments and M&A announcements.
As well as 'business accessories' being FBT
exempt, exemption has been extended to include sign-writing the vehicle in the employer's colours whether through paint or graphics.
Mr Hughes added, ``We are, however, concerned that the review found that there is a lack of awareness amongst farmers of FBTs
and an apparent failure of the Agricultural Tenancies Act to facilitate entry of new entrants into agriculture.
Applicable Criteria and Related Research: FBT
and Consumer I FCF Efficiency Leaders and Laggards
have, up until now, been for shorter terms, however as we are now seeing longer-term tenancies for complete farms coming in this can only improve the letting market.
In the past we've identified FBT
savings--there're areas open to interpretation and we're happy to provide advice on reducing FBT
exposure and making the most of the available exemptions.
A FleetPartners product utilising pre-leased vehicles, Econolease incorporates all the benefits of a fully maintained operating lease, with potential savings in lease rental and FBT
There are also changes to the law relating to FBTs
allows utilities to measure at very low and extremely high flow rates, which can generate revenue previously not captured," said Tracy.
However, with changes to the FBT
in April this year (see separate story), leased and rented vehicles are now treated identically for tax purposes to vehicles that are owned.
In these times of diverse family incomes, farm businesses that include owned land, AHA tenancies and FBT
tenancies and landlords who might well welcome the opportunity to obtain vacant possession, planning for succession to the tenanted farm has become more necessary than ever.