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Harvest the crop for the next generation – Wednesday 6 June 2018

  • Date:06/06/2018
  • Time:16:30 - 19:30
  • Venue:Newcastle Falcons, Kingston Park

Our Spring rural seminar will focus on the problems faced by a rural family where no succession planning has taken place. We will look at business structures and asset ownership and how with expert advice, clients can plan to minimise Inheritance Tax and ensure that assets pass through to the correct family members on death.

Through case studies, we will look at two similar family run farms. We will consider one family who have undertaken no planning and the impact this has for the future, and the other who have taken sensible steps to make the changes required in order to protect the farm, provide for non-farming family members and the liability to Inheritance Tax.

The seminar will focus on:

  • the impact of not planning for what will happen when a member of the farming family dies both in turns of tax and the destination of their estate;
  • the issues arising from misunderstanding the legal ownership of land and the financial difficulty this can cause a farming business on death;
  • a review of Agricultural Property Relief and Business Property relief in the context of land ownership and farm business structures;
  • the benefits of having a Will and the way in which this can be used to ensure Inheritance Tax reliefs are captured and non-farming family member provide for.

Harvest the crop for the next generation Book this event Add to calendar

This seminar will be of interest to anyone who advises farming families and will identify the issues to look out for when trying to plan for the future farming generations. We will highlight potential problems which your clients need to consider when reviewing their own situation and business structures.

Registration
To reserve your free place at this seminar, please use the link below
Harvest the crop for the next generation – Wednesday 6th June 2018

For further information, please contact our Marketing Manager, Jack Birks