Hi
We are currently setting up a small holding and my partner will be working on it full time next March. Currently she is registered for self assessment and VAT. As we are starting out there is a lot of expenses buy equipment and animals etc so we are making a loss.
I am a 40% (my partner is on a low income and hardly pays tax) tax payer. I was wondering would it be more tax efficient if I registered as the sole trader of the farm and for VAT. As there is a loss would this be more TAX efficient for me?
thanks for any advise
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