Tax Wills Trusts & Probate

We are considered to be national specialists in advising farmers and rural landowners in relation to their wills and tax planning and the interaction between agricultural and business assets and capital taxes - especially the inheritance tax regime.

Following the Antrobus, McKenna and Balfour decisions relating to farmhouses, farming and whether a business is a "trading" business our specialists work closely with our property colleagues on specific inheritance tax planning advice both pre and post death to ensure maximum reliefs are obtained. We regularly deal with the HM Revenue and Customs Capital Tax Unit on agricultural and business property reliefs to ensure the safe transition of estates and farms by minimising tax to the next generation.

Our services include:

• Drafting bespoke wills and rearrangement of asset ownership to maximise the reliefs available
• Post death deeds of variation to maximise the reliefs available
• Succession and lifetime asset planning and gifts to minimise inheritance tax payable on death
• Use of discretionary and other trusts to minimise potential inheritance tax and to maximise family asset Protection
• Negotiation with the Inland Revenue to maximise agricultural and business property reliefs

For more information, please visit the Tax and Estate Planning section of the site.

Contact: Stuart Thorne