Ever since then Chancellor John Major put APR up in the early 90s the accepted wisdom amongst rural tax advisers is to take full advantage by dying in harness.
There are exceptions of course, non tax considerations, companies, diversified businesses etc. and the Revenue have been whittling away at what gets APR ever since.
Recently Entrepreneurs' relief on CGT and a reduction in rates of CGT has meant if you're of retirement age you could cash in for a 10% tax on chargeable gains of qualifying assets, subject to reliefs.
This is not meant to be a Brexit thread, but is it time for accountants, solicitors and financial advisers to wake up to a triple threat to land values?
There are exceptions of course, non tax considerations, companies, diversified businesses etc. and the Revenue have been whittling away at what gets APR ever since.
Recently Entrepreneurs' relief on CGT and a reduction in rates of CGT has meant if you're of retirement age you could cash in for a 10% tax on chargeable gains of qualifying assets, subject to reliefs.
This is not meant to be a Brexit thread, but is it time for accountants, solicitors and financial advisers to wake up to a triple threat to land values?
- Unknown basis of support post 2020
- Potential for heavy tariffs on agricultural produce especially if no deal can be struck with the EU, and the US "Free" trade deal involves all the freedom being for them
- A strengthening £ or at least a £ who's strength is unrelated to agricultural performance