In response to the new Planning and Infrastructure Bill Roger Mortlock, chief executive of CPRE, the Countryside Charity said: ‘This Bill needs to incentivise and supercharge a different model for delivering the affordable homes people need. The answer lies as much in transforming the market as it does in planning reform. Without it we will […]
The government’s Inheritance Tax changes could be re-worked to be both fairer to farmers and fiscally beneficial for the Treasury, say leading audit, tax and business advisory firm, Blick Rothenberg. Heather Powell, head of property at the firm, said: “The frustration between farmers and the Treasury continues to build over changes to Inheritance Tax (IHT). […]
Four in 10 UK farms could go out of business in the next five years, increasing to 56% by 2035, according to a new study of 2,000 British farmers on the impact of the Labour government’s changes to inheritance tax (IHT). Last month the government doubled down on its decision to press forward with its […]
More than a third of UK farms could go out of business in the next five years, rising to 56% by 2035, according to a new study of 2,000 British farmers on the impact of the Labour government’s changes to inheritance tax (IHT). Last week the government doubled down on its decision to press forward […]
Data from the 1940s is being used to classify and protect England’s most valuable and productive farmland, potentially undermining the UK’s ability to grow its own food, reveals a new report commissioned by CPRE, the countryside charity. The ALC system determines the potential productivity of farmland using data including rainfall measured between 1941 and 1970 […]
The British Business Bank has agreed a further £100m increase to its existing ENABLE Guarantee transaction with leading fintech Oxbury Bank, a UK bank with a singular focus on farmers, food production and the rural economy. This second increase brings the British Business Bank’s total transaction to £300m and will help provide Oxbury with £150m […]
A THIRD-generation egg producer has welcomed some aspects of Defra secretary Steve Reed’s so-called “new deal for farmers.” However, managing director of Farmlay Iain Chapman, stopped short of giving his wholehearted support to the Secretary of State’s speech at last month’s Oxford Farming Conference because of the cloud of controversial changes to Inheritance Tax (IHT) […]
Farmland retains its inherent resilience: Demand continues to outstrip supply, despite numerous challenges in the political and environmental landscape. Overall, the farmland market edged up slightly during 2024, according to the latest results from the Knight Frank Farmland Index, which tracks the value of bare agricultural land in England and Wales. Despite the turbulent year […]
Banks need to radically rethink how they support farmers to shift to farming systems that prioritise climate and nature, according to new farmer-led research from Soil Association Exchange. The study spoke to more than 100 UK farmers and revealed a clear absence of financial solutions and advice that recognises the complexity of the transition they […]
Commenting on the caps on Business Property Relief and Agricultural Property Relief introduced in the Budget, Mark Andrews, partner at accountancy firm UHY BPR Heaton, comments: “This is not just about farms, any business exceeding the £1m threshold could be left with big IHT bills. Shares in small companies and partnerships, although valuable are not […]
