Beyond the Barn, the Business of Farming. This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture.

Laura is joined in this episode by Bruce Masson to discuss the significant changes to inheritance tax regulations affecting farmers and rural businesses following the 2024 Budget announcement. They delve into the implications of agricultural and business property relief, the challenges farmers face in meeting new tax liabilities, and the importance of family discussions in succession planning. Bruce emphasises the need for proactive financial planning and focuses on the complexities introduced by the new tax landscape, urging farmers to start conversations about their future and the management of their assets.

GET IN TOUCH! If you have any questions on today’s episode, email us at [email protected].

 You can find the new information around the IHT changes Laura mentions here.

You can get in touch with our presenters directly through the Our People section of our website, or visit our Farms and Rual Business page here

We’d also love it if you could rate us 5 STARS on Apple Podcasts or Spotify as this really helps people find us!

You can find more episodes from this series on our website here.    

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

© Larking Gowen LLP