We have a client who has started a truffle farm. He has purchased truffle trees to plant. I see there is a case which mentions that this expenditure should be treated as capital. Would Capital Allowances therefore be available?
26th Sep 2019
Tax treatment of Truffle Trees
We have a client who has started a truffle farm. He has purchased truffle trees to plant
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Perhaps this may be of help https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim55275
https://www.google.co.uk/search?q=site%3Awww.accountingweb.co.uk+truffle...
But does that pass the smell test?
Better ask a pig!
Yes indeed. Where's she got to these days I wonder?
That thought did cross my mind. My comment would work for both a real pig and a Miss Piggy look-alike although I think she had a couple of non-porcine later reincarnations.