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Inheritance, Succession and the Family Farm...
So here we are! Who thought the changes to Inheritance Tax was going to be this bad?! This could be extremely harmful to family farms. They are not to blame for the high land values in the UK; they're simply trying to produce food for us and end up suffering as a result.
However... we have 18 months…. and we still have Gift Relief available.
Although the basic rules apply to all, every farming family and business will be different.
So, we need to start thinking outside the box again – we are currently delving into the details provided by HM Treasury and hopefully may come up with some answers.
Make sure you have the right people advising you!
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