Agricultural Accountants in Lincolnshire
Written and reviewed by the Agricultural Accountants editorial team. Last reviewed 27 July 2026.
Lincolnshire is England's arable and vegetable heartland. The fertile Fens and silt grow wheat, barley, oilseed rape, sugar beet, potatoes and a large share of the nation's brassicas and salad, with poultry and pigs alongside. It is large-scale cropping, and the tax reflects that.
Arable farming means heavy machinery investment and volatile commodity prices, which puts the Annual Investment Allowance and averaging at the centre.
Machinery Allowances and Averaging for Arable Farms
A large arable farm spends heavily on machinery, and the Annual Investment Allowance gives 100% relief on plant and machinery, including combines, tractors and grain kit, up to £1 million a year. Timing those purchases against a strong harvest, and averaging a good grain year against a poor one, are the core of managing an arable farm's tax, covered in our guide to averaging.
New grain stores and other farm buildings attract the Structures and Buildings Allowance, a slower relief, so a year of major capital spending needs planning to use the allowances well.
Large Holdings and the 2026 Reforms
Lincolnshire has some of the largest farms in the country, and the inheritance-tax reform matters more where the land values and acreages are high enough to exceed even the £2.5 million allowance. Above it, 50% relief means an effective rate of 20%, which on a large arable estate is a real number worth planning for. Our guide to farm inheritance tax sets out the position.
Where the farm trades as a company or a partnership with substantial machinery and stock, Business Property Relief on the business sits alongside Agricultural Property Relief on the land, sharing the one allowance.