Is It Time to Review Your Estate Plan?

Is It Time to Review Your Estate Plan?

Planning to minimise the inheritance tax (IHT) due on your estate is always important, but the recent introduction of the residence nil-rate band (RNRB) means now could be the ideal time to review your existing plans. What is the RNRB? IHT is charged at 40% on estates...
Big Changes In Estate Planning

Big Changes In Estate Planning

The introduction of the Main Residence Nil Rate Band (MRNRB) has significantly changed Inheritance Tax Planning for Land and Business Owners. If your assets are worth more than £2m (including Land and Business assets) then your Estate could lose the benefit of up to...
Thinking of Selling Your Welsh Land?

Thinking of Selling Your Welsh Land?

The Royal Institute of Chartered Surveyors (RICS) has recently announced that the price of Welsh farmland has increased by around 13% in the last 12 months. Although Welsh land is not as expensive as that of our English neighbours, the cost of an acre of Welsh...
The Business of Farming

The Business of Farming

There are a number of issues which make farming businesses different from other organisations as far as accountancy and tax planning advice is concerned. Farming businesses tend to be more capital intensive and the return tends to be lower than with other...

Prevention is better than cure!

Prevention is better than cure! – A saying that can often apply to reducing your tax bill. Taking a proactive approach to your accounts can often be the simplest way to save you tax in a number of ways, for example: Annual Investment Allowance (AIA) The AIA...