expert advice

Extending potentially exempt transfers (PETs) to a longer period than the current seven-year gifting rule, and a possible wealth or land tax cannot be completely ruled out

Last week's Budget has brought succession and the transition of family assets to the forefront of everyone's minds, with considerable fear of potential Capital Gains Tax and Inheritance Tax bills

Consultant and founder of SRH Agribusiness, Simon Haley, said these funding opportunities could help with ‘resilience planning, strategic advice and business growth', but current availability of funds must be checked on the relevant council website

Figures from April 2024 suggests that the current scheme had provided direct one-to-one support to over 12,000 businesses so far. The FFRF runs until March 2025

The hub is aimed at supporting farmers in making it easier to find funding opportunities and advice to help develop sustainable farming practices on-farm

There are three main areas of the green economy which hold financial opportunity for farmers and land managers, says Susan Twining, chief land use policy adviser at the CLA.

‘Uncertainty’ has been on the lips of every farming business, bank and adviser for the last three-and-a-half years and things are unlikely to get much clearer for a while in terms of trade, standards and financial support.