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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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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?

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By Justin Bryant
26th Sep 2019 13:05

But does that pass the smell test?

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By Dib
26th Sep 2019 13:22

Better ask a pig!

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By Justin Bryant
26th Sep 2019 13:47

Yes indeed. Where's she got to these days I wonder?

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By Dib
26th Sep 2019 17:13

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.

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