Farms and Rural Business

Bruce Masson, Partner in our Farms & Rural Business team, looks at the changes to inheritance tax that were outlined in the Budget statement, and highlights what this will mean to those with farming businesses.

Our Farms and Rural Business team dive into the Basis Period Reform and pull out what this might mean for those in the farming sector.

We discuss what you should bear in mind about overlapping taxes when an agricultural holding comes up for sale or passes under an inheritance.

There’s a common misconception that where land has the prospect of planning gain, some or all of that gain may be sheltered by a transfer to a third party, even towards the end of the process.