is there anyone able to explain to me how inheritance tax works on agri land? the land is currently being rented out for agri use. the land is currently my grandfathers land. ive been told if we farm it we wont need to pay inheritance tax. is this true?
Which is best Grazing license or farming tenancy?
Currently ive got 40 acres out on a farming tenancy. I was thinking of switching it over to a grazing license so i can put my animals on it aswell. Who pays for fence repair ect on a grazing license?
i am aware that you can claim bps if its on a...
Ive got this very old and battered outbuilding. I was thinking of putting a roof on it an use it as a cattle shed. What would be the cheapest way of doing it? Its about 40x16ft could you use planings as a shed livestock floor?
That’s what im currently doing. But im going to have to be careful with inheritance tax. Aswell im leasing the land for £100per acer but if i farm it i can get £230 per acer through the welsh government and be able to apply for grants
I want to start farming livestock on the side. I have done it in the past. I have around 60 acres. I was thinking of buying cattle but I don’t have a shed to keep them in over the winter. Is it worth buying cattle in spring and sell in winter? If so what age and type cattle would be best?