youngsRPS Rural Brochure - Flipbook - Page 14
SUCCESSION PLANNING: TAKING
STOCK AND TAKING ACTION
To m W h i t e h e a d , D i r e c t o r | R u ra l C h a r t e r e d S u r vey o r & R I C S Re gi s t e r e d Va l u e r
A
s the dust continues to settle following the
sweeping changes to Inheritance Tax (IHT)
treatment of rural property, there remains a strong and
understandable sense of concern across the wider
farming community. What was once viewed as a stable
framework for long-term family inheritance planning is
now being reassessed in light of evolving fiscal policy
and tighter government scrutiny of reliefs.
The availability of Agricultural Property Relief (APR)
and, particularly, Business Property Relief (BPR) has
provided an effective inheritance tax
