Family farm tax bill will wipe-out profits for 10 years, warns CLA

Growers would have to allocate 159% of its profit each year just to cover the tax bill

clock • 2 min read
Family farms will be forced to sacrifice profits for more than 10 years under new APR and interitance rules
Image:

Family farms will be forced to sacrifice profits for more than 10 years under new APR and interitance rules

Farmers could face inheritance tax bills that would wipe out their profits every year for 10 years following changes announced in this year's Budget, an industry body has warned. Modelling compiled...

To continue reading this article...

Join Farmers Guardian

  • Farmers Guardian is the ultimate resource for farmers, providing unparalleled coverage of the key issues and trends affecting the agricultural industry.
  • Real-Time Updates: Get the latest news and analysis on what's happening in the agricultural sector right now. From market trends to technological advancements.
  • Expert Insights for Smart Decision Making: We provide in-depth articles and features designed to help you navigate the ever-changing agricultural landscape. From crop management techniques to livestock breeding strategies, our goal is to arm you with the tools you need for profitable farming.
  • Join the Farmers Guardian community today and unlock a world of knowledge and opportunities for your agricultural business. We are dedicated to supporting farmers like you, and our mission is to empower you with the information and resources needed to thrive.

Register now Become a member

 

Already a member?

Login

BNG Leading in Habitat Bank Creation & Sales

BNG Leading in Habitat Bank Creation & Sales

VIEW ADVERT
£POA

Commercial Secured Bridging Loans for Business Purposes

Commercial Secured Bridging Loans for Business

VIEW ADVERT
£POA

FARM LOANS & RE-MORTGAGES

FARM LOANS & RE-MORTGAGES

VIEW ADVERT
£POA

More on Farm Business

GRANTS: Farmers ready to deliver, but need 'tools and trust' to do so

GRANTS: Farmers ready to deliver, but need 'tools and trust' to do so

National Sheep Association policy manager Emma Owen said if the Government was serious about its environmental and food security ambitions, it ‘must invest in the people at the heart of these goals'

Rachael Brown
clock 06 December 2024 • 3 min read
BSE detected at farm in Scotland

BSE detected at farm in Scotland

Scottish Government said further investigations to identify the origin of the disease are ongoing

clock 06 December 2024 • 2 min read
Highly pathogenic avian influenza detected at poultry business in Norfolk

Highly pathogenic avian influenza detected at poultry business in Norfolk

The World Organisation for Animal Health has ruled that the UK is no longer free from highly pathogenic avian influenza

clock 06 December 2024 • 1 min read