agricultural property relief

a relief from INHERITANCE TAX available on the agricultural value of agricultural property in the UK, the Channel Islands, or the Isle of Man.

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inheritance tax

References in periodicals archive ?

These include business property relief, agricultural property relief, the purchase of AIM shares, setting up trusts, and lifetime gifts made in the seven years immediately before death.

RNRB changes lessen the cost of inheritance

As you are no doubt aware, farmland may benefit from up to 100% Agricultural Property Relief (APR) or Business Property Relief (BPR) in certain circumstances, such as when it has been owned by the farmer for two years prior to his death and used mainly by him for agricultural purposes.

Could diversifying your farm have inheritance tax implications?

This is because many of the changes would not qualify for Agricultural Property Relief from inheritance tax.

Changes come with risks, farmers told; IN BRIEF

CLA Cymru said that by doing so, landowners could jeopardise the Agricultural Property Relief (APR) on their homes.

Beware BPS tax impact

With much higher demand than supply," he said, "landlords can offer short-terms for high rents at very little risk and obtain into the bargain, 100% agricultural property relief from Inheritance Tax.

Campaign to give farming tenancies more time

However, a Scottish Government IN FOCUS Agricultural property relief (APR) and business property relief (BPR) Morag Watson of accountant Scott-Moncrieffargues that: "Those whose livelihood is within the rural sector, particularly farmers and landowners, could be forgiven for thinking someone was out to get them.

DIVERSIFICATION REMAINS KEY FOR MODERN ESTATES

Mr Hartlebury, partner at Midland practice dhjh Chartered Accountants, said the Government would now be looking to drop business property relief and agricultural property relief, both of which can slash the amount of inheritance tax payable.

Warning over tax bill duties

But added the industry was relieved that the chancellor had not reviewed the Agricultural Property Relief rules which enables farmers to pass agricultural holding onto the next generation free of Inheritance Tax.

Budget plans get mixed reactions

Some agricultural property relief could possibly be achieved on the buildings.

Racing and the Tax man: Insurance can ease pain of an attack from Inland Revenue

She speaks on succession issues for farmers claiming agricultural property relief and business property relief, and how to structure the rural business with an eye to the next generation.

Funding your care: who is paying? ALISON HALL Partner at Hay & Kilner Law Firm

Is the relief for any property that qualifies for Business or Agricultural Property Relief being maximised?

Wealth, well managed with astute and experienced planning

Agricultural Property Relief (APR) for inheritance tax will now cover agricultural property and forestry owned in countries within the EU, not just in the UK.