Avoiding family disputes: why farmers must talk now about inheritance and tax

Avoiding Family Disputes in Farming

The impending cap on inheritance tax has sparked controversy in the farming community, with many fearing its financial impact could threaten family businesses.

Inheritance tax (IHT) is a tax on the value of a person's estate after their death, including property, possessions, and assets.

Changes to agricultural property relief and business property relief, announced in the Autumn Budget 2024, will significantly impact how farms are passed down to the next generation when they take effect on April 6, 2026.

The changes are set to have a significant impact on how farms, farmland and agricultural businesses are passed down to the next generation.

Farmers must discuss inheritance and tax to avoid family disputes and ensure the survival of their businesses.

Author's summary: Farmers must talk about inheritance and tax to avoid disputes.

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FTAdviser FTAdviser — 2025-10-14

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