Agricultural Property Relief Archives

Funding Your Business’ Needs

If your business is performing well and making a healthy profit, you may be looking at funding options to grow and develop your business. It’s also important to ensure that you are making the most of the available tax reliefs and incentives. Here we consider some key...

Preserve Tax Relief on Farming Diversification

Property, Tax

Many farm businesses diversify from traditional farming to other related activities such as livery or hay making for horses. This may be a result of lifestyle changes or perhaps other potential incentives aligned with the Government’s so called Green Brexit. In such...

Taxpayer Victory: Tribunal Grants Inheritance Tax Relief to Livery

Tax

Business Property Relief (BPR) can exempt assets from Inheritance Tax (IHT) on the basis that they were used in a genuine business, assuming all other qualifying criteria is met. It is not available where the business activity is wholly or predominantly holding...

Your Redundant Farm Building could be Restricting your Inheritance Tax Relief

Advice, HMRC, Property, Tax

Agricultural Property Relief (APR), if obtained, allows an individual to pass on agricultural property, either in their Will or during their lifetime, free of Inheritance Tax (IHT). Business Property Relief (BPR) reduces the IHT payable on a wider class of qualifying...

Estate Planning and Farmland

Advice, Business Support, HMRC, Tax

Most land owners are aware of Agricultural Property Relief (APR) and could be forgiven for thinking that this means there is no risk of their Estate paying Inheritance Tax. Unfortunately there are situations where farmland does not qualify for 100% APR. There have...

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