Tax Relief for Farmers & Landowners - Managing the Risks

Introduction

Farming is going through massive changes with a move to farming for the environment and selling carbon credits. There is greater tax clarity needed in this area. The changes are matched with very high farm values and a lot of interest from the ‘rollover buyer’.

There are papers by the APPG suggesting the loss of APR and BPR for inheritance tax which has moved a lot of thoughts to lifetime gifting. CGT rates are at an all-time low and many are pushing for deals to be completely promptly. The end result is a lot of risks for the farm adviser with high quantum of values combined with an elderly farming client base sometimes resistant to change and clarity!

This webinar looks at ways to manage the risks through updated partnership agreements, full succession planning involving updated wills, farmland registration, business plans and connecting all the farming family to what lies ahead.

What You Will Learn

This webinar will cover the following:

• Lifetime transfer to use current beneficial tax reliefs - assess GROB and additional tax
• Protection of APR on the farmhouse - ensure agricultural activity
• ‘Banking’ current lower rates of CGT
• Full succession planning for the family farm including updating the partnership agreement
• The role of the ‘rollover buyer’ and maximising rollover relief
• Using the BADR limit whilst still available
• Maximising farm development opportunities
• The impact of ‘farming for the environment’
• Woodland and carbon credits

This pre-recorded webinar will be streamed at 12:30pm on Friday 28th October 2022 and will remain available to view by delegates who have registered by then for 90 days.