The CLA has submitted a pre-Budget paper to the Treasury calling
for diversified rural businesses to be taxed as a single trading
Rural Business Unit.
The Country Land and Business Association (CLA) has submitted a
paper to the Treasury ahead of the forthcoming Budget on 11 March,
calling for what would be a much welcomed simplification of the tax
rules for entrepreneurial farmers and land managers.
Under the CLA's proposals, a rural business with several
interconnected and interdependent commercial activities all managed
as one, would be able to elect for all their economic
activities to be treated as a single trading business for all tax
purposes. The CLA refers to this single business
entity as the 'Rural Business Unit' (RBU).
