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 ?

Within the report, attention does fall on Agricultural Property Relief (APR).

Securing the farmstead with tax relief know-how; In my view Alex Docherty brought to you by

I hesitate to explore in full the 107-page report which, among other matters, touches upon gifts during lifetime and to charity, the interaction between Inheritance Tax and Capital Gains Tax, the Residence Nil Rate Band, the taxation of Trusts together with Business Property Relief (BPR) and Agricultural Property Relief (APR).

Office OFTAX Simplification's second report on InheritanceTax Review

The TFA believes landlords should only be able to obtain Agricultural Property Relief from inheritance tax if they let their land for 10 years or more.

Farm tenant plans 'lack tax incentives' But landowners question timing of Welsh Government consultation

The aim of the research was to gain insight into peoples' understanding of Agricultural Property Relief ('APR') and Business Property Relief ('BPR') and how the reliefs are used in succession planning.

Hay & Kilner's Alison Hall talks inheritance tax: The revenue, reliefs and rumours; Hay & Kilner's rural team have extensive experience in advising land and farm business owners about the complexities of Inheritance Tax, APR and BPR

? To preserve business property/ agricultural property relief - if all assets are left to a surviving spouse on the first death, the availability of business property relief and/or agricultural property relief could be wasted, as the assets will pass exempt to the surviving spouse in any event.

RNRB changes lessen the cost of inheritance

However, diversification comes with risks, specifically farmers' ability to qualify for Agricultural Property Relief from inheritance tax as this often does not apply to many forms of diversification and can be worth tens or hundreds of thousands of pounds."

Changes come with risks, farmers told; IN BRIEF

"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

The two main inheritance tax reliefs to which farmers may be entitled are agricultural property relief (APR) and business property relief (BPR).