Land, Legacy, and Law: what the new inheritance laws could mean for farming families
As a new series of Clarkson’s Farm is released, so to is the latest episode of our Private Wealth Matters Podcast. We delve into all things farming / farming families and farming estates.
In this episode Emma Weir speaks with Family Team partner Rachel Osgood and Private Client Team Senior Associate Jade Paine on this very topical subject.
There are over 200,000 Farm holdings in the UK and nearly half a million people employed within the agricultural sector. Much has been publicised regarding the changes to the agricultural property reliefs announced in the budget in October 2024 and the potential for significantly more inheritance tax to be paid by farmers and their families.
During this episode, we not only delve deeper into both the current provisions and proposed changes to this inheritance tax relief, but also into the family law side of farms and farming families with a discussion on the significant potential for conflicts between estate planning to maximise IHT savings and protecting assets in relationships and on divorce.
Farms are often generational businesses and we discuss the importance of both estate planning and family law planning to ensure the farm can pass through the generations as much as possible.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!