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EXCLUSIVE: Jake Moses on the Inheritance Tax 'trap' families need to be aware of when gifting farmland

Jake Moses is a wills, trusts and tax solicitor at Aaron & Partners LLP. He writes exclusively for Farmers Guardian on Inheritance Tax and Capital Gains Tax reforms and the risks farmers should be aware of when gifting farmland

clock • 3 min read
Mr Moses said: "While the tax conversation has been dominated by Inheritance Tax, changes to Capital Gains Tax rates have created an expensive trap for those trying to get ahead of the curve."
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Mr Moses said: "While the tax conversation has been dominated by Inheritance Tax, changes to Capital Gains Tax rates have created an expensive trap for those trying to get ahead of the curve."

Since the Autumn Budget, a growing number of farming families have started gifting agricultural land in an attempt to reduce their Inheritance Tax exposure – and it is easy to see why. Rising land values...

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