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 Andrew Troughton
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 Andrew Troughton
Capital Gains Tax is due on the increase in the value of an asset when you dispose of that asset from when it was purchased or from 1982, whichever is the most recent. For example if you bought your property in 2000 for £450,000 and then sold it in 2016 for £600,000 you would […]
Posted on October 13th, 2016 by Andrew Troughton
This week we hosted a joint seminar with Clarke Willmott Solicitors, Hazelwood’s Accountants and NFU focusing on farm succession at Adam Henson’s Cotswold Farm Park. The night was enjoyed by approximately 70 local farmers and landowners where they had the opportunity to discuss the detail of planning succession with a panel of experts. We heard […]
Posted on October 16th, 2015 by Andrew Troughton