From April 2026, farming families and landowners with qualifying property exceeding the new £1 million cap for 100% Agricultural Property Relief (APR) and Business Property Relief (BPR) will face a significant Inheritance Tax (IHT) liability.
With the Renters’ Rights Act having received Royal Assent on 27th October, many landlords are understandably concerned about the future of Section 21 notices and their ability to regain possession of their properties.
A High Court ruling has brought closure to a long-running inheritance dispute over West Hook Farm, a 170-acre mixed farm near Okehampton, Devon. The case offers important lessons for farming families planning succession and for rural professionals supporting them.
As we reflect on the past year, it’s clear that it was anything but ordinary for the rural property market. From sweeping tax reforms to shifting buyer behaviours, farm sales have faced a turbulent yet transformative period. But with change comes opportunity and preparation is key.
The Commissioner’s focus is on improving relationships between tenant farmers, landlords, and agents, as well as promoting fair and transparent conduct within the farming sector. Alan Laidlaw brings over 25 years of experience in agriculture and land management, including senior roles at the Crown Estate and the Royal Highland and Agricultural Society of Scotland.
The Economic Crime and Corporate Transparency Act 2023 introduces a new offence: failure to prevent fraud. This is largely aimed at bigger organisations, but some farming businesses could be caught by the rules, especially those operating at scale or within larger groups.
With the upcoming Autumn Budget only weeks away, there have been several reports that ministers are considering changes to the controversial Inheritance Tax (IHT) reforms announced last year, which would see a 20% tax on estates worth more than £1m.
