Why succession planning is more important than ever for farmers
The Autumn Budget 2024 left farmers across the UK feeling disappointed and uncertain about their future as it was announced that Agricultural Property Relief is going to be significantly reduced. The Clayton & Brewill team explains what these changes mean and shares some tips on how farmers can protect their futures. Agricultural property relief (APR) […]
IHT relief capped for farmers: key updates from the Budget 2024
The Autumn Budget 2024 has brought with it a wave of changes, not least the introduction of a £1m inheritance tax relief cap, which will heavily impact farming businesses across the UK. Nottingham chartered accountants, Clayton & Brewill, unpacks some of the key announcements. After weeks of speculation over potential tax increases, adjustments in debt […]