How we saved a Fermanagh farming and tourism business £9,000 through proper structuring
Client J runs a farm with diversified holiday lets near Enniskillen, combining fluctuating farming profits with seasonal tourism income from Lough Erne visitors. The previous accountant hadn't used farmers' averaging, hadn't reviewed the holiday-let treatment since the rules changed, and hadn't structured the diversified income cleanly.
We reviewed everything. We applied farmers' averaging to the farming profits, re-based the holiday-let treatment under the post-April-2025 standard property rules, claimed the full capital allowances on the farm machinery, separated the farming and tourism activities cleanly for tax, and reviewed Agricultural and Business Property Relief for succession.