Pre year end tax planning – Farming
This year there is more reason to look at strategies than previously with higher profits in 2025/26 than are likely in 2026/27 given milk prices and beef and lamb prices.
Category: Wealth Management
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Rise in inheritance tax thresholds
The Government has announced today that the proposed Agricultural and Business Property Reliefs threshold for 100% relief will be increased from £1million to £2.5million per individual.
HOT OFF THE PRESS
the Treasury has announced that the forthcoming Budget will be on Wednesday 26th November, 2025.
Inheritance Tax & Gifting – Possible Changes Ahead
With the Autumn 2025 Budget expected in November, there is increasing speculation about reforms to Inheritance Tax (IHT)
Clarification of new Inheritance Tax Reliefs and Rules
The £1m exemption applies to each person. Ensuring Wills leave assets down to the next generation or into trust can be useful to use the £1m 100% relief.