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Super Deduction Capital Allowance - Rural Economy Snubbed

The exclusion of a huge proportion of the rural economy from the new super deduction capital allowance is perverse and discriminatory, according to the Central Association of Agricultural Valuers (CAAV). The 130% super deduction capital allowance announced in the Spring Budget is limited to companies, excluding a substantial part of the economy, says Jeremy Moody, secretary and adviser to the CAAV. “At a time when the economy needs more support to invest than ever before, the exclusion of...

Jeremy's Blog 19th March 2021: Environmental Principles

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 18th March 2021. Looking from the outside, current European attitudes to the Astra Zeneca vaccine can appear to live down to the UK’s expectations of the EU’s approach to the precautionary principle, especially in the context of innovation. While that principle states that scientific uncertainty should not postpone cost-effective measures to prevent a threat of serious or irreversible harm, the EU’s interpretation...

Jeremy's Blog 12th March 2021: The Budget and Investment

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 11th March 2021. Barely two months after the EU Transition Period, the pace of post-EU policy development is sustained, especially in England and perhaps particularly with DEFRA. Without the 28 state, 3 institution haggling of the EU (the post-2020 CAP is still unresolved), George Eustice saw Brexit as the opportunity to do domestic policy better while some in Government already see the urgency imposed by a 2024 election....

Jeremy's Blog 5th March 2021: The Budget and Investment

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 4th March 2021. Yesterday’s Budget heralds two years in which companies will be paid to invest in plant and machinery. An investment that would now have an 18 per cent capital allowance against tax will from next month have a 130 per cent capital allowance (the “super deduction”) and those that would get a 6 per cent allowance will be allowed at 50 per cent. A lack of business investment has been seen as a key part...

Jeremy's Blog 26th February 2021: Carbon Deals

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 25th February 2021. Do we know what it means for a landowner to enter into an agreement for carbon sequestration? What are the implications of “selling” carbon for the land and its users? Are we at risk of uncritical assumptions that: this is a significant source of value for an average landowner?that, being associated with positive change, it imposes no practical constraints? that now or soon is the time to sell?...

Will the Stamp Duty Land Tax holiday be extended?

It is being widely reported in the press this morning (24th February) that the Stamp Duty Land Tax holiday will be extended until the end of June. An announcement from HM Treasury is expected in next week's Budget.

Jeremy's Blog 19th February 2021: Looking Beyond

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 18th February 2021. Reflecting on conversations over the last week, one common theme has been the importance of looking beyond the immediate challenge. Seeing where the world is moving will aid better decisions that are more effective for the longer term when meeting immediate issues. The pressure for climate change mitigation and other environmental goals is now a central part of policies across the United Kingdom....

England: RPA IT error - Countryside Stewardship claim reminders

We are told that Rural Payments has this morning unexpectedly issued e-mails to Countryside Stewardship agreement holders reminding them to submit their claim. This appears to be quirk of the IT system and we are asked to assure members that these should be ignored with no action to be undertaken in response.

Jeremy's Blog 12th February 2021: Recovery and Change

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 11th February 2021. Economic shocks, like the pandemic, both bring damage and precipitate change shaping a new economy, as energy, skills and assets find new opportunities, often with new technologies. Only hindsight might tell which was which, as it is easier to see losers than those building the future. Accelerated change for physical retail, under long-run pressure and particularly burdened by business rates, sees...

Jeremy's Blog 5th February 2021: Regulatory Baseline

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 4th February 2021. With the current focus on the development of schemes and grants for public goods and productivity, it can be easy to overlook another key component of the new policies. This is the move to a “regulatory baseline” – simply put, what the law will require of farmers as it requires standards from others. Whether under England’s ELM, the Welsh Sustainable Farming Scheme, the Animal Health and Welfare...

Jeremy's Blog 29th January 2021: Facts for Environmental Decisions

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 28th January 2021. While the Government has again delayed the important Environment Bill, pressures accumulate for change in environmental practice, for climate change and biodiversity. On the day that the Bill stalled, BlackRock, the world largest asset manager, asked companies in which it invests to disclose their plans to be net zero by 2050: “There is no company whose business model won’t be profoundly affected by the...

Written Statement on Second Homes in Wales

The Welsh Government has published a written statement on the impact of second homes on communities, access to housing and affordability and the impact this has on the Welsh language. It outlines the discretionary powers given to local authorities to help address their local housing needs, including discretionary powers to levy higher rates of council tax on second homes – and long-term empty properties – since 2017. It states that eight councils are currently charging premiums on second...

National Parks England: Collective Vision and Strategies

National Parks England has published its Collective Vision and Strategies, with 4 Delivery Plans setting out its commitments, ambitions and plans under the headings Wildlife and Nature Recovery, Climate Leadership, Sustainable Farming and Land Management and Landscapes for Everyone. Further information is available on the National Parks England website....

New CAAV Website and Membership Information

We are experiencing some problems with our new website updating membership information. This may mean that the website still states that your membership is lapsed, even though you have paid your subscription. We apologise for the problem and are working to fix it. If you wish to check and confirm that your subscription payment has been received, please email us at enquire@caav.org.uk.

Jeremy's Blog 22nd January 2021: Valuation

This article by Jeremy Moody first appeared in the CAAV e-Briefing of 21st January 2021. Ten months into the pandemic, Wizz Air, the central European budget airline with an 80 per cent fall in passenger numbers, has issued a three year corporate bond paying just over 1 per cent. Ultra-low interest rates have prevailed unprecedentedly since the 2008 financial crisis. UK and US bonds remain at low rates, much EU member states’ government debt is at negative interest rates and, yesterday, 10...