Home

Latest News

By Andrew Robinson

31st July 2025

FAQs on changes to Inheritance Tax legislation for farmers

Many farmers are concerned about the impact of Inheritance Tax reforms but there are ways to put yourself, your family and your business in a better position. This FAQ guide will help you identify aspects of IHT and succession planning that you need to consider.

Read this post

By Keith Johnston

23rd July 2025

How can farmers use trusts to mitigate the impact of IHT changes?

In light of changes to Inheritance Tax reliefs, trusts have emerged as a viable strategy to manage and protect assets while potentially reducing tax liabilities.

Read this post

By Gary Rowson

3rd July 2025

Inheritance Tax: Business Property Relief Important Changes

There has been much media attention on the impact of proposed Inheritance Tax (IHT) changes on the farming community but it is important to emphasise that these changes will affect not only farmers, but all businesses including sole traders, partnerships and companies.

Read this post

By Dan Cozens

25th June 2025

Partnership vs company: Choosing the right structure for your farming business

With the basis period reform now fully implemented, alongside changes to Capital Gains Tax and plans to limit Inheritance Tax reliefs, farmers may be faced with the dilemma of determining the most appropriate and tax-efficient way to structure their business.

Read this post

By Jonathan York

12th June 2025

Farms focus on cashflow following SFI scheme closure

The sudden SFI scheme closure caused anger and frustration among the farming community in March. The Chancellor has since announced a better-than-expected DEFRA budget at the recent Spending Review, which brings some cautious optimism but there remains uncertainty about the future of environmental farming programmes.

Read this post

By Keith Johnston

22nd May 2025

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

Read this post

By Justin Rourke

12th March 2025

Fighting ‘the family farm tax’ with good financial planning

Life insurance could provide alternative proceeds to pay an IHT bill and preserve the farm and farm assets to pass to the next generation. It can also play an important role in the continuation of the business during your lifetime. 

Read this post

By David Threlkeld

27th February 2025

Changes to proposed IHT reforms seem unlikely following talks

Alternative proposals to reform IHT reliefs were again put forward to treasury officials and a DEFRA minister at a meeting with industry groups. It is claimed such proposals would raise almost the same amount of revenue as the Chancellor’s plans, however, unfortunately, it seems they were dismissed.

Read this post

By Keith Johnston

17th February 2025

Tax issues for farm landlords and tenants

There are various tax issues that arise in relation to transactions between landlords and farm tenants, and the Inheritance Tax (IHT) changes announced in the 2024 Autumn Budget will bring huge challenges for both parties.

Read this post

By Armstrong Watson

30th January 2025

Armstrong Watson urges Government to rethink IHT increase on farmers in new report

Armstrong Watson is among a group of accounting firms across England and Scotland who have raised concerns about the wider impact of Rachel Reeves’ proposals to cap Inheritance Tax (IHT) reliefs for agricultural and business property.

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.