Farm Inheritance Tax – The Importance of Valuations – Part 3

With the reduction of Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m per person, assets that were previously of less relevance such as livestock and deadstock, development or hope value and tenancy valuations are now a crucial part of the valuation process. In my previous blog posts, I reviewed how the valuation […]

Posted on January 27th, 2025 by

Farm Asset Review for tax planning purposes

We have a number of clients who are concerned about the proposed Inheritance Tax changes to Agricultural Property and Business Property relief and wish to understand their possible tax liability and ways to reduce it. The proposed changes mean that all assets of the individual will need to be considered including livestock, plant and machinery, […]

Posted on January 16th, 2025 by

Farm Inheritance Tax – The Importance of Valuations – Part 2

With the reduction of Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m per person, assets that were previously of less relevance such as livestock and deadstock, development or hope value and tenancy valuations are now a crucial part of the valuation process. In my last blog post, I reviewed how the valuation […]

Posted on January 13th, 2025 by

Farm Inheritance Tax: The importance of Valuations

  With the reduction of Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m per person, assets that were previously of less relevance such as livestock and deadstock, development or hope value and tenancy valuations are now a crucial part of the valuation process. In a series of blog posts, I will review […]

Posted on December 23rd, 2024 by

Inheritance Tax Relief for Farmers

Andrew Troughton, Director of Carver Knowles considers how the Budget announced by the Chancellor of the Exchequer on 8th July, may affect farmers and landowners. One of the main points revealed in the budget were the changes to Inheritance Tax.   The measures announced will introduce an additional nil-rate band when a residence is passed on […]

Posted on July 13th, 2015 by