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Rural Property & Countryside Matters

Inheritance Tax Planning for Farmers & Business Owners

A bit of planning can go a long way in reducing the Inheritance Tax liability that your family may face when you’re no longer here.

Inheritance Tax

You may be aware that there are a few hoops to jump through if you’re thinking about giving away cash or other assets during your lifetime to make sure that they’re not considered as part of your estate for Inheritance Tax reasons. If you’re going to give away property or put some things in a trust, it’s good to familiarise yourself with what you need to do to make this work properly.

Your options as a farmer or business owner

As a farmer or business owner, there are several other options which could be available to you. HMRC carefully look after these but there’s lots of things that can be done ahead of time to maximise your chances of qualifying. We’re specialists in advising farmers and business owners in this area and in planning ahead with you for the future of a successful claim.

Whether you’ve got a business in mind or want to consider the allowances and exemptions available overall, as your thoughtful legal partners we’ll guide you through the process and really understand what matters to you.

Your situation is unique

We understand that priorities vary person-to-person and what might be an ideal tax planning solution for one family, based on their goals, might not be practical for another family. We offer a comprehensive tax service which covers both lifetime and Will planning and which is, above all, tailored to you.

What we can help with

We advise on:

  • Inheritance Tax planning for individuals, business-owners and farmers
  • maximising the various Inheritance Tax reliefs and exemptions available
  • Lifetime Inheritance Tax planning
  • post-death Inheritance Tax arrangements, such as deeds of variation.

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