Insight
Publish date
1 March 2023
Agriculture round-up – March 2023
This edition has articles covering the future of farm payments, a brief explanation of Agricultural and Business relief, the proposed changes to the National Planning Policy Framework, employment obligations for seasonal workers, considerations for selling agricultural land for development, and Fiona Higgott’s recent arrival to the Agricultural & Property team.
We wish Fiona every success in her new role.
If you have any questions about these topics, then please do get in touch.
What next for farm payments?
Penelope Edgar and Esther Lee explore the future of farm payments as the Basic Payment Scheme (BPS) is being phased out. They talk through new options of Environmental Land Management Schemes (ELMS).
What is Agricultural Relief and what is Business Relief?
After someone dies their estate is valued for Inheritance Tax (IHT) and lifetime gifts are looked at. Esther Lee looks at when these involve agricultural or business assets, and how this could reduce the amount of IHT payable due to the two different reliefs.
Power to the people
Kate Jardine looks into proposed changes to the National Planning Policy Framework. They include extensions to the protection of our natural environment and the growth of renewable and low carbon energy production and distribution, at both commercial and household scale.
What are employment obligations for seasonal workers?
Ben Stepney observes employment rights for seasonal staff and how fixed term contracts work. He explores what entitlement there is in terms of breaks, holiday and pay. He also looks at how these contracts can be terminated.
The 7 ‘Cs’ that should always be considered when selling agricultural land for development?
There are many aspects to selling agricultural land for development purposes. Robert Trench explores the 7 ‘Cs’ which you must consider when doing so.
Agricultural & Rural Property team strengthened
We are glad to have welcomed Fiona Higgott as a Partner in our well respected Wills, Estate & Tax Planning department. Bringing a wealth of experience, Fiona is a valuable addition to the team.
