Money, money, money. That’s what it’s all about this month. But, then again, when isn’t it?
First up, of course, we have had Mrs Reeves’s ‘eagerly anticipated’ baby, The Budget. I’m writing this page just hours after the good lady had retaken her seat in The House, so there’s been insufficient time to properly digest the full ramifications of her edict for farming. No doubt, the fall-out detail will become clearer over the coming months, although our initial impression is that, putting it mildly, the final result isn’t great.
In the weeks leading up to the pronouncement, much was made of the potential reductions to Agricultural Property Relief (APR) and Business Property Relief (BPR) and the effect this would have on Inheritance Tax planning. Worst case scenario, we were looking…
