Anne Elliott, CEO of Latimer Hinks Solicitors, discusses Agricultural Property Relief (APR) and Business Property Relief (BPR) in regards to estate planning. …
As a solicitor who works with a significant number of agricultural families and business owners in the North East, I regularly discuss and advise on the use of APR and BPR when estate planning. At present, they are very generous to the taxpayer. However for a number of years there has been a threat of reviewing and limiting reliefs.
The summer is an excellent time to review whether or not you are making the best use of APR and BPR, as significant financial legislation is often reviewed in the Autumn Budget.
Have you decided that farm diversification is the next step for your business, or maybe you are weighing up your options? Here you will find some great information to help you and your diversification journey.
There’s no escaping the fact that farmers are having to work harder than ever to boost their bottom line. And, with trying times looking set to continue as Brexit looms closer, there are ways to unlock the value of farmland – without having to sacrifice your way of life.
It’s not always necessary to simply sell land in its entirety to the highest bidder. As renewable energy continues to play a major role in farm diversification, Dave Ogden, director at electrical contractor, Smith Brothers Ltd, explains how green power is assisting farmers with their future economic plans.
Historically, arable farmland would be home to row-upon-row of neatly organised crops. But now, the grid format is increasingly being adopted by an expanse of solar panels, generating electricity for use on site. Similarly, it isn’t uncommon to see cattle grazing beneath the blades of a wind turbine.
Rural theft is threatening the livelihoods of farmers up and down the country. Kelly Friel, Digital Product Manager at tools, DIY and security accessory supplier Zoro, offers her advice for improving security and reducing your chances of falling victim to thieves.
If you work on or own a farm, you’ll already know just how serious the ongoing problem of rural theft is becoming. Expensive agricultural equipment is an appealing prospect for thieves, and the fact that farms are almost always in remote locations far from the emergency services makes criminals more brazen in their attempts to break in.