The Countryside Alliance has joined rural businesses and local councils in expressing concern over changes to business rates being proposed by the Valuation Office Agency (VOA) and the Government, with Welsh MP, Glynn Davies, even declaring there could be an “uprising” as a consequence of the proposals. The changes, expected to be implemented in the … Continue reading Concern For Rural Businesses Over Changes to Business Rates
Agricultural Property Relief (APR), if obtained, allows an individual to pass on agricultural property, either in their Will or during their lifetime, free of Inheritance Tax (IHT). Business Property Relief (BPR) reduces the IHT payable on a wider class of qualifying business assets when they are left in a Will or passed on during lifetime. … Continue reading Your Redundant Farm Building could be Restricting your Inheritance Tax Relief
New regulations which affect landlords in Wales may also have implications for tenant farmers who sub-let dwelling houses. The Rent Smart Wales scheme was introduced by the Welsh Assembly with a view to improving the quality and standards of Welsh housing in the rental sector. The legislation comes into force in November 2016, by which time all … Continue reading Tenant Farmers – Are You Sub-Letting?