Farming Express. Page 11
World Environment Day
stimulates worldwide awareness of the
environment and encourages political
attention and action.
Through WED, the UN Environment
Programme is able to personalize
environmental issues and enable
everyone to realise not only their
responsibility, but also their power to
become agents for change in support of
sustainable and equitable development.
WED is also a day for people from all
walks of life to come together to ensure
a cleaner, greener and brighter outlook
for themselves and future generations.
Timing and structure crucial to renewables plans
with limited liability, but there is more compliance
involved.
An LLP provides access to sideways loss relief
which allows losses of one trade to be offset
against income from other sources. However the
benefit of this is limited to £50,000 or 25% of
annual taxable income.
A limited company structure also provides limited
liability and allows payment of different rates of
dividend to distribute profits. A limited company
structure can also help with limiting IHT exposure
for older family members by them holding
minority interests.
Tax benefits
The Enterprise Investment Scheme (EIS) offers
a number of benefits and is useful in maximising
returns to investors and family through tax savings.
EIS gives 30% income tax relief on up to £1m
invested, but in the renewable sector it is only
available for anaerobic digestion, hydro and
community projects.
Investors must have tax liabilities to utilise the
relief and ownership is limited to 30%. EIS also
allows defer Ʌ