Coronavirus has emphasised the need to review farm wills, consider the key role of the executors, and understand the complexity of marginal inheritance tax reliefs, argue Julie Butler and Fred Butler. There are also new capital gain tax rules to grapple with
With the Office of Tax Simplification’s review of lifetime gifts and an ageing farming population, farmers will be considering making lifetime gifts and taking advantage of reliefs while still available. Julie Butler and Fred Butler look at areas of concern for the adviser
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