Morning All. I normally stay away from farming accounts as out of my comfort zone but have a husband and wife who jointly own some farmland. The husband has registered as self-employed and all income (basic payment scheme and farmer rent) and expenses have been declared on his return by his accountants. I act for the wife only.
Does anyone see any potential issues with this apart from the wife not being eligible for BADR on any jointly owned assets that would normally qualify? I have also been told that there will be significant expenses incurred in future years.