.png)
.png)
Issue:
4475
/
Categories:
Comment & Analysis
, Capital Gains
, Inheritance Tax
, Investments
, Land & property
Inheritance tax implications of the diversification of activities
KEY POINTS
- Farmers are finding additional non-farming methods of generating income from farmland.
- Values for agricultural property relief and business property relief may not be the same.
- The available relief can be halved where business assets are held off the business balance sheet.
- Investment assets can still be eligible for relief if when looked at “in the round” a business is being carried on.
- The importance of ascertaining the true ownership of assets in a a farming business.
In recent years an increasing number of farmers and landowners have considered wind turbines and photovoltaic (PV) electricity generating units as a way of diversifying and increasing the income from their property.
With the recent introduction of permitted development rights that allow redundant farm buildings to be converted into...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
