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Budget Addresses Key Changes to Agricultural Property Relief

Menzies

Menzies LLP - A leading chartered accountancy firm. New Tax Rules for Larger Farms The changes introduced mean that agricultural relief allowing land or pasture to be used to grow crops, or to rear animals, will be scrapped for farms worth more than 1m. Have more questions? Get in touch with our experts below for guidance.

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Autumn Budget – Inheritance Tax Changes

Menzies

Menzies LLP - A leading chartered accountancy firm. FAQs Business and Agricultural Property Relief Changes On 30 October, we saw perhaps the most hyped budget of a decade (or so) in terms of the significance of the changes made, particularly in the realm of Inheritance Tax (IHT). So, what do these changes mean for you?

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Did you know your pensions could be subject to tax at 67% or more?

Menzies

Menzies LLP - A leading chartered accountancy firm. Amongst the key reforms of abolishing the non-dom regime and changes to Agricultural Property Relief and Business Property Relief, was the significant announcement that from 6 April 2027, undrawn pension funds will now be subject to inheritance tax.

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When is a fundraising event a VAT exempt fundraising event?

Menzies

Menzies LLP - A leading chartered accountancy firm. The conditions to apply the VAT exemption on admission to fundraising events were considered in detail in the Yorkshire Agricultural Society case. It was formed to support and promote agriculture, rural and allied industries throughout the North of England.

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Menzies Deal Alert: Menzies assist on the sale of CM Research

Menzies

Menzies LLP - A leading chartered accountancy firm. Kynetec is a global leader in agricultural and animal health data and analytics, backed by the US private equity firm Paine Schwartz Partners, who invested in the business in 2021 when UK PE house Inflexion sold their investment.

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JPMorgan, Goldman-Backed Payments Co Finablr Eyes IPO

PYMNTS

The company’s founder spoke at the Indian budget forum hosted by the Institute of Chartered Accountants of India-Dubai. Shetty said he would invest in India whenever he gets an opportunity to do so, especially in the sectors of agriculture, healthcare and education.

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As CPA Canada’s Collaboration Accord Fails to Collaborate, Who Gets the Profession’s Credibility in the Divorce?

Going Concern

“As well as being home to Canada’s largest capital markets, financial institutions and pension funds, Ontario has one of the largest information technology and innovation clusters in North America, as well as robust manufacturing, energy, mining and agriculture,” said Jean Desgagné, CPA, CA, chair, CPA Ontario Council.

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