What Do Elephants and Farmhouses Have in Common?

What Do Elephants and Farmhouses Have in Common?

We originally published this post on the ‘Elephant Test’ on 23 September 2013 and updated it on 9 May 2024 for freshness, accuracy, and comprehensiveness. “Does Your Farmhouse Pass The Elephant Test?” Many farmers are not concerned with Inheritance Tax...
Estate Planning and Farmland

Estate Planning and Farmland

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...
Estate Planning and Farmhouses

Estate Planning and Farmhouses

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 have been cases where the HM Revenue & Customs have successfully...
Renewable Energy: Beware The IHT Implications!

Renewable Energy: Beware The IHT Implications!

For landowners looking to secure income through renewable energy development, a key decision is whether to go it alone and install and operate the project themselves, or simply to lease the land to a developer. But the two options have very different tax consequences...