Insight
Publish date
20 May 2024
Agriculture round-up – May 2024
Welcome to Thomson Snell & Passmore’s latest newsletter. This month we have included various updates from across our Agricultural & Rural Property sector team.
Following the Spring Budget on 6 March 2024, we look at the extension of Agricultural Relief and what this means for farmers. We also provide a summary of The Agricultural Landlord and Tenant Code of Practice for England.
As well as this, we consider whether pop-up campsites can be a good diversification option for your farm. Our planning expert examines the changes to Permitted Development rights coming into effect on 21 May 2024 and what they could mean for your agricultural property.
As always, if you have any questions about these or any other topics, please do get in touch.
Agricultural Relief and the Spring Budget 2024
The Spring Budget took place on 6 March 2024 and there was some good news for the farming community. Esther Lee looks at the extension of Agricultural Relief for inheritance tax and what this means for farmers.
The Agricultural Landlord and Tenant Code of Practice for England – 7 fundamentals
This article summarises key areas that landlords and tenants and their advisers should adhere to when marketing and negotiating a tenancy, conducting themselves during a tenancy and terminating or renewing a tenancy.
Are pop-up campsites a good diversification option for your farm?
As all farmers will know, changing financial landscapes and consumer demands are increasingly prompting landowners to explore alternative sources of income. With the rise in popularity of outdoor recreation and the growing trend towards UK based, eco-friendly tourism, enterprising farmers are tapping into the potential of their land to offer temporary camping accommodations.
Agricultural permitted development rights – change on the horizon?
Following a consultation by the Department of Levelling Up, Housing and Communities, there has been significant enlargement to agricultural permitted development rights moving forward. Kate Jardine looks at the changes to Permitted Development rights coming into effect on 21 May 2024.
