Whitley Stimpson are urging middle income families to examine ways of making their savings and investments more tax efficient to avoid leaving their beneficiaries with an unexpected hit on their inheritance.
Rollover relief allows a business or individual to defer the capital gains tax on the disposal of an asset where the proceeds of that disposal are reinvested into a new business asset.
All VAT registered farm businesses must adopt the government’s Making Tax Digital (MTD) for VAT agenda from April this year, regardless of annual turnover.
For most farmers, there is no better tool to reduce Inheritance Tax (IHT) than Agricultural Property Relief (APR).
Much has been made in the media about DEFRA’s lump sum exit scheme which proposes to pay older farmers to retire.
Many farmers will be looking for more permanent ways to cash in on the staycation boom.