Agricultural and Rural

Farmland is highly valuable to agricultural businesses, but many people are selling their land for development purposes. To sell agricultural land successfully, it’s crucial to understand the process, which is where external help can be valuable. Before selling land for development, it is crucial to consider whether or not the land is suitable, especially in…

Agricultural Relief (AR) helps farmers reduce their potential Inheritance Tax (IHT) liabilities and secure their assets for future generations. Inheritance tax on farms is due when asset value exceeds the standard IHT threshold upon the owner’s death. This threshold is £325,000 and applying the standard IHT rate of 40% would result in a substantial liability.…

Farmers may benefit from extended planning regulations which came into effect in May 2024. The UK government’s recent consultation updating Class Q and Class R Permitted Development Rights, has paved the way for agricultural diversification, allowing farmers flexibility to repurpose agricultural buildings. The updated rules permit farmers to convert existing agricultural structures into residential properties,…