It has been a busy month in the Agricultural sector. It has seen the long awaited publication of the Agriculture Bill along with a further policy statement setting out the future agricultural policy for the next 10 years. We have also seen the government response to the consultation on the future of food, farming and the environment.
Looking ahead to October, the Agriculture Bill will be debated on 10 October 2018. This is sure to highlight some of the uncertainties the sector faces.
There has also been interesting case law in respect of partnership property in Wild v Wild and others  EWHC 2197 (Ch) where the High Court considered whether a farm and bungalow owned by Mr Wild prior to forming a farming partnership with his son constituted partnership property. As well as the First-tier Tribunal finding that the 'hypothetical farmer' is able to make changes to address losses when considering the availability of sideways loss relief in Naghshineh v HMRC  UKFTT 0453.