Next generation pays for farming succession

Farm succession is causing major financial issues for the succeeding generation, according to experts.

The complex rules within agricultural inheritance means professionals are required to provide more catered and detailed advice to their farming clients, to help avoid surging tax bills from the Inland Revenue. With 60% of farmers not having a plan in place for their business and estate, specialists are urging will writers, practitioners and estate planners to ensure arrangements are clear and thorough.

Read more.