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Tax and political pressure on farming arrangements and tenancies

Under pressure

Key points

  • The government has accepted the majority of the Rock Review on agricultural tenancies and has begun implementing changes.
  • Many organisations were opposed to the suggestion of FBTs that run for a longer period than the current short-term arrangements.
  • It is considered that the move could permanently remove land from the tenanted market into ‘contracting models’ like CFAs.

The 2023 Budget ‘packed a surprising punch’ for farmers. Not just a consultation on the taxation of ecosystems but also consideration around farm tenancies as a large amount of UK farmland is let. The consultation called for views on restricting agricultural property relief (APR) at 100% to farm business tenancies (FBTs) that run for a minimum period of at least eight years. This is an area where there is a great deal of controversy following the Rock Review on agricultural tenancies ( and it is essential for...

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