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Recent headlines and the farmers march in London have brought into focus the ‘disquiet' within the farming industry (and elsewhere) regarding the Chancellor’s proposals to severely restrict the current Agricultural Property (APR) and Business Property (BPR) reliefs that apply to farmland and other business assets for inheritance tax purposes. Take a look at our blog to find out the details and how it might affect you https://buff.ly/4gj4PPI #farming #agriculturalbusiness #accounting

Farmers say introducing inheritance tax will impact consumers and future farming generations. For daily news and analysis subscribe to the https://lnkd.in/gEFx2TMZ newsletter. #Agriculture #Farming #AgriTech

The ongoing row over inheritance tax in the farming sector is heating up. With the proposed changes to Agricultural Property Relief (APR), farmers face a potential 20% inheritance tax on agricultural assets exceeding £1 million. This could have a significant impact on family farms, with many fearing they may be forced to sell land to cover the tax bill. While the government argues the policy is necessary for funding public services, many in the farming community see it as a direct threat to their livelihoods and the future of UK agriculture. Check out the latest analysis on the issue in Farmers Weekly: https://heyor.ca/RWaxSu #FarmingTax #AgriculturalPolicy #InheritanceTax #UKFarming #FarmingCommunity

🌾 Succession planning is crucial for farming families! 🌾 With potential changes to Agricultural Property Relief (APR) on the horizon, it's essential to reassess your estate plans. Succession planning ensures that your farm remains in capable hands while optimising tax reliefs like APR and Holdover relief. Early planning can prevent future disputes and secure the farm's legacy for the next generation. Let's discuss how to navigate these complex issues and keep your farm thriving for years to come. #SuccessionPlanning #Farming #EstatePlanning #Agriculture 🔗 Read more here >> https://lnkd.in/egfji_PE

🚨 Farmers Alert! 🚜 The Grain Growers of Canada warn that PM Trudeau's proposed capital gains tax hike could harm family farms and retirement plans. The tax increase, which raises the inclusion rate from 50% to 66% for gains over $250,000, complicates farm transfers and threatens the viability of family farms, favoring corporate entities over family-owned farms. They urge for exemptions on intergenerational transfers to preserve the future of family farming! ℹ️ Source of Information 👇 https://lnkd.in/eCy_z5wD #Farming #Agriculture #TaxReform #FamilyFarms #RetirementPlanning #CapitalGainsTax #GrainGrowers #AgricultureCanada #FarmTransfers #TaxHike #CanadianFarming #FamilyOwnedFarms #FarmSuccession #TaxExemptions #SaveFamilyFarms #DailyNews #DailyPost

Just over a week on from the Budget, we take a look at farmers' views on the varied impacts it could have on their farms - from those who think there could be some positives, to those who expect to be hit hard. https://lnkd.in/eBE_i-Qm #AutumnBudget #farming #InheritanceTax #Budget

"The move has been widely condemned by the #NFU, the #Country #Land and #Business Association (#CLA) and the #Tenant #Farmers Association (#TFA), land agents and other #farm advisers, saying that it will cause the break-up of #family #farms and hamper the #UK’s ability to meet #environmental commitments." #food #foodchain #foodsupply #farming #farminguk #agriculture #farmersprotesting #Farmerswoes #agriculture #techcompanies #FarmersProtest #agricultureandfarming #agricultureindustry #infrastructure #cleanair #environment #sustainable #climatechange #environmentprotection #riverside #lowcarbonfuture #rural #ruraleconomy #ruralcommunity #ruralcommunities #rachaelreeves #socialism #marxist #jeremycorbyn #NeverLabour #election #budget2024 #taxpayers #taxplanning #tax #money #taxes #debt #economyslowdown #economics #ecommercedevelopment #economicrecovery #recession #livestock #inheritancetax #will #sirkeirstarmer #inheritanceplanning #trusts #northwoodbanks #probate #probatelawyer #probatelaw #privateclient #legaladvice #solicitors https://lnkd.in/eXYbPefD

With much speculation about the recent Budget online, and significant anxiety among farmers, we take a detailed look at the implications for farmers.... https://lnkd.in/e_bQwAeF #AutumnBudget #budget #farming #InheritanceTax #Labour #RachelReeves #HMTreasury

FARMERS CAMPAIGNING FOR AGRICULTURAL PROPERTY RETHINK The announcement in the Autumn Budget about restrictions to inheritance tax (IHT) agricultural and business property relief from April 2026 has upset farming businesses in particular, resulting in a demonstration in London on 19th November. From 6 April 2026, it is proposed that 100% relief will only apply to the first £1 million of combined agricultural and business property, with the relief reducing to 50% on the value that exceeds £1 million. This means the relief will be focused on small family farms and businesses. Prime agricultural land prices currently exceed £10,000 an acre and with the cost of a new combine harvester approaching £1 million, many farming businesses will significantly exceed the proposed £1 million threshold. At £10,000 an acre, that means the £1 million threshold would be exceeded by a 100 acre farm so paying the IHT may mean selling off some of that land and threatening the viability of the business. It should be noted that the IHT in respect of agricultural property and business assets can be paid to HMRC by 10 interest-free installments but those may be difficult to pay without selling off assets. #InheritanceTax #FarmersInheritanceTax #accountants #CloudAccountants #TheCloudAccountants #SmallBusinessAccountants #AdamFenandes

“Everyone needs to understand that the farm qualifies for agricultural property relief due to the farming child carrying on the farming enterprise and that this in itself has a value.” Speaking to Farmers Weekly, Thrings' Succession and Tax expert Sam Doherty weighs in on the importance of document housekeeping when it comes to inheritance plans for the family farming business https://lnkd.in/eyiMi67K