Providing an overview of the income tax and IHT implications of land diversification for farms and landed estates.
Many farmers and landowners are turning to diversification to provide additional sources of income, while also playing a crucial role in protecting and enhancing the natural environment. It is important to understand the tax consequences of land diversification, and in particular the effect it may have on valuable IHT reliefs.
Find out more about:
The income tax and IHT implications of:
• Furnished holiday lets
• Solar power
• Land development
• Natural capital
• Environmental land management schemes, including HMRC’s call for evidence
• Tenancies and agricultural property relief (APR)
Key take outs from this event:
This webinar will set out the key tax implications of some of the more common types of land diversification for farms and estates. It will also touch on HMRC’s call for evidence on environmental land management schemes, and our views on how policy should develop in this area, taking into account our experience and conversations with our many landed estate and rural clients.
The value of investments, and the income from them, may go down as well as up and investors may not get back the amount originally invested.
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