Land and property

A potential move to simplify inheritance tax could sweep away special reliefs for farmers and leave them with tax bills they would struggle to pay, a specialist agricultural lawyer has warned.

This year could present more farmers and landowners with opportunities to put their land forward for development.

A storyline in the long-running Radio 4 soap The Archers has prompted a solicitor to warn farmers about the dangers of scrutinising contracts before signing on the dotted line.

Though the average price of bare agricultural land in England and Wales has fallen by roughly one per cent over the past year, prices are still 40 per cent higher than they were 10 years ago.

Britain’s next generation of farmers are overwhelmingly positive about how the industry will fare in the 2020s, exclusive Farmers Guardian research has revealed.