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By Justin Rourke

12th March 2025

Fighting ‘the family farm tax’ with good financial planning

Life insurance could provide alternative proceeds to pay an IHT bill and preserve the farm and farm assets to pass to the next generation. It can also play an important role in the continuation of the business during your lifetime. 

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By David Threlkeld

27th February 2025

Changes to proposed IHT reforms seem unlikely following talks

Alternative proposals to reform IHT reliefs were again put forward to treasury officials and a DEFRA minister at a meeting with industry groups. It is claimed such proposals would raise almost the same amount of revenue as the Chancellor’s plans, however, unfortunately, it seems they were dismissed.

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By Armstrong Watson

17th February 2025

Tax issues for farm landlords and tenants

There are various tax issues that arise in relation to transactions between landlords and farm tenants, and the Inheritance Tax (IHT) changes announced in the 2024 Autumn Budget will bring huge challenges for both parties.

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By Andrew Robinson

6th February 2025

FAQs on proposed changes to Inheritance Tax legislation for farmers

Many farmers are concerned about the proposed changes to Inheritance Tax (IHT) legislation and what such significant changes could mean for them. Here are some FAQs to help those who aren’t sure what to do make the first steps to put themselves, and their families, in a better position.

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By Armstrong Watson

30th January 2025

Armstrong Watson urges Government to rethink IHT increase on farmers in new report

Armstrong Watson is among a group of accounting firms across England and Scotland who have raised concerns about the wider impact of Rachel Reeves’ proposals to cap Inheritance Tax (IHT) reliefs for agricultural and business property.

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By Justin Rourke

8th January 2025

Does your life insurance increase your Inheritance Tax bill?

Life insurance has hit the headlines since the 2024 Autumn Budget as a possible antidote to the major changes proposed to Agricultural Property Relief, Business Property Relief and Inheritance Tax (IHT) on pensions.

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By Armstrong Watson

19th December 2024

How will Capital Gains Tax changes impact farm businesses?

While the 2024 Autumn Budget contained the bombshell announcement on Inheritance Tax (IHT), which has dominated the news agenda since, there were other announcements that will impact farmers, including increased Capital Gains Tax (CGT) rates.

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By Armstrong Watson

5th December 2024

Reminder of holiday pay reforms for employers operating January to December annual leave

Employers operating annual leave on a calendar year basis will need to prepare ahead of the new holiday pay changes for seasonal and irregular hours workers impacting them from January 2025.

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Family walking through farm building

By Armstrong Watson

28th November 2024

Farm businesses urged to evaluate Budget impact and plan ahead

Farm businesses are being urged not to panic or make knee-jerk reactions following the Autumn Budget but to instead consider their options and take a measured approach.

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By Russell Thwaites

15th November 2024

Double U-turn on Double Cab Pick Ups

Slipped into the main Autumn Budget document was the announcement that Double Cab Pick-ups (DCPU) will be treated a cars from 6 April 2025.

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