How it works:

Since the abolition of Agricultural Building Allowance it’s been tough for farmers to justify any spending on new agricultural buildings. However, although buildings themselves can no longer be claimed for, other agricultural structures (such as slurry stores and silage clamps) can. Farmers can also claim tax relief for alterations to existing buildings, repurposing them or increasing their value to the overall running of the farm. This is all thanks to the Annual Investments Allowances (AIAs)