Latest Agriculture

For years, nuts such as hazelnuts have been grown in sunny climates like Italy and Türkiye. However, as climates change throughout the world, nut production is gradually moving northwards on the world map and into the UK.   Hazelnuts particularly like a ‘Goldilocks zone,’ not too hot and not too cold to thrive. With the…

Just as important as an understanding of the total value of your estate when undertaking IHT planning, is an understanding of certain legalities. We thank Jeanette Dennis and Fenella Eddell of Ashtons Legal LLP for sharing their wisdom on farming partnership agreements with us. Whilst we have concentrated on partnership agreements, it should be noted…

Changes in Inheritance Tax relief due to be introduced from 6 April 2026, including a restriction in 100% Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m, will substantially increase the Inheritance Tax due for many farming families.   To implement planning to reduce the tax due requires a full assessment of the…

What Is a Farmhouse? There is no legal definition of a farmhouse. Generally, the farmhouse should be the property in which the farmer lives and the center on which the farm is managed.   Looking at the whole farm helps determine whether the agricultural land is the dominant feature and therefore if the house is…

Planning Ahead in a Changing World As we write this edition of our Farming Newsletter we are still knee deep in Inheritance Tax (IHT) planning with our clients. There are many points to consider, and we dive straight into some IHT planning thoughts from one of our Corporate Tax Directors, Jeannette Hume. This is followed…

On Thursday 25th September, members of our farming group were deep in thought whilst attending the ICAEW Annual Farming Conference; the theme of the day being ‘Farming in an Uncertain Landscape.’   There were a variety of speakers on the day, and the virtual event provided a wide platform for professionals within the industry to…

Set in Stone… or at least, paper. On 21st July 2025 the government published the long-awaited policy paper on changes to Inheritance Tax Agricultural Property Relief (APR) and Business Property Relief (BPR) following the Autumn 2024 Budget.   Despite much lobbying from farmers, professionals and industry leaders, and indeed a lot of wishful thinking, there…

Farming can happen under many different arrangements. Whether that’s in-house, a tenancy where a landowner lets their land to another to farm, a Contract Farming Agreement (CFA) between a landowner (or tenant farmer) and a contractor, casual contracting on an ad hoc basis or machinery sharing. It’s important to understand each option to consider which…

Land is the nation’s greatest natural asset, being the source of food, the foundation stone of nature and the support system of the environment on which we rely. It’s the place where we live, work and rest. Due to the climate and biodiversity crises, global shocks and the needs of consumers and businesses, there is…

Making Tax Digital for Income Tax requires self-employed businesses and landlords with qualifying income to maintain digital records and submit tax updates to HMRC using Making Tax Digital – compatible software. Quarterly updates will need to be submitted to HMRC providing a snapshot of income and expenses. These are cumulative so that each submission effectively…