The Chancellor’s Budget 2025 announcement that the 100% allowance for APR/BPR assets will be transferable between spouses is welcome news ahead of the upcoming changes to inheritance tax in April 2026. It does not go far enough in my opinion, and the changes will...
The widely-reported increase in Capital Gains Tax (CGT) has not come as a surprise. Whilst a rise is additional tax for individuals, the increase in rates for higher-rate taxpayers is not as significant as the higher-rate of income tax, which would have been extremely...
The agricultural sector is facing a challenging time. The poor weather is impacting the ability to grow a crop for the 2024 harvest. With subsidies decreasing, interest rates increasing and the prospect of lower yields for the 2024 harvest, the agricultural sector...
As part of their diversification plans, farms might consider providing camping or glamping facilities and the provision of holiday accommodation in existing buildings and cottages, but have you also considered the taxation of holiday accommodation? Unless a...
Many farming businesses continue to face uncertainty. Diversification allows a farm to produce alternative sources of income, potentially reducing the risk on a specific sector. The range of activities for diversification continues to increase with the sector opening...
In these current economic times of high inflation and increased uncertainty around the squeeze on household incomes – imagine if your business is involved in the farming industry. Where the business focus is in food production, food prices are not just something...
