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James Austen - partner at Collyer Bristow on inheritance tax: "Handing down farms intact to the next generation will become impossible"

Law firm Collyer Bristow has provided an analysis of what could happen to farm businesses if tax relief measure are withdrawn

clock 鈥� 5 min read
"Farming families will either end up leaving the land entirely, or selling much of their holding to pay tax."
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"Farming families will either end up leaving the land entirely, or selling much of their holding to pay tax."

Currently, farmers and landowners, in common with other business owners, benefit from generous tax regimes which, broadly speaking, enable them to pass down family-owned businesses to their heirs, or trusts...

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