Inheritance tax – and why agricultural businesses can be difficult!
Compared to any other industry agriculture is currently offered the most generous inheritance tax reliefs.
An agricultural business will, of course, always have the option if agricultural property relief is not available upon an asset to consider whether business property relief is available.
With extra inheritance tax reliefs, one would assume therefore that dealing with the death of a farmer should be simpler than the death of any other businessman – however it usually is not.
The common position is that…