In his latest written and published article for Farmers Weekly titled ‘IHT planning must include an all-round review of assets’, Xeinadin Associate Director Robert Hood examines inheritance tax (IHT) within the farming industry and offers his expertise.
Rob advises that a full IHT review should not only look at the farming and business assets, but draw up a list of all items that might come into charge for the tax.
“There are a lot of other assets that haven’t been because the focus has been on the impact on farming and business assets” he says. An all-round review could lead to tax-saving moves in advance of the implementation of the new regime, planned for April 2026, when many farming and business assets will become chargeable to IHT.
The article also examines potential IHT bill against any likely capital gains tax (CGT). In addition, it delves into building and repairs, cash gifts, insurance investment, pensions, marriage and more.
Read the full opinion piece here.
