Protect Your Family Farm’s Future From Changing Tax Implications
This is not tax advice!
The 2024 UK budget may not have been the disaster many anticipated, but it’s set to impact farming families with assets over £1m.
With new reductions in Inheritance Tax (especially through changes to Agricultural Property Relief and Business Property Relief) family farms - especially small and medium sized units) are now likely to face real challenges that may affect their long-term legacy for future generations...
With new reductions in Inheritance Tax (especially through changes to Agricultural Property Relief and Business Property Relief) family farms - especially small and medium sized units) are now likely to face real challenges that may affect their long-term legacy for future generations...
Before the Next Budget Hits:
Take Action to Secure Your Farm Assets
While we appear to have dodged the major hike in Capital Gains Tax that we were all expecting (for now), this could be your best opportunity to unlock value from underused buildings on your property.
Exercising your permitted development rights now could safeguard your farm’s and family's future before the tax position shifts yet again.
Exercising your permitted development rights now could safeguard your farm’s and family's future before the tax position shifts yet again.
Our Specialist Team Can Help You Prepare
From Class Q conversions to creative diversification options, our in-house planning and architectural design experts, working with trusted 3rd party tax advisors, can help you prepare for the future - by maximising your property’s potential.
We’re here to turn “wasted” spaces into valuable assets, securing both income and legacy for generations to come.
We’re here to turn “wasted” spaces into valuable assets, securing both income and legacy for generations to come.
Explore Our Class Q Conversion Service
We’ve recently launched a new Class Q service designed to help farming families and agricultural property owners to convert qualifying buildings to residential use - quickly and smoothly.
Our specialists handle the complexities, so you can focus on the benefits...
Our specialists handle the complexities, so you can focus on the benefits...
Ready to Plan for the Future?
Call Us Today!
If you’re considering a conversion or exploring ways to protect your property assets, contact our specialist rural team through our head office at:
01823 210610.
We’re here and ready to discuss options without any obligation and, if appropriate, we will be happy to introduce you to our recommended tax advisors for a comprehensive plan of action - along side our specialist diversification and asset enhancement services...
Best wishes for the future;
01823 210610.
We’re here and ready to discuss options without any obligation and, if appropriate, we will be happy to introduce you to our recommended tax advisors for a comprehensive plan of action - along side our specialist diversification and asset enhancement services...
Best wishes for the future;