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In the Spring Budget 2023, it was announced that, from 6 April 2024, the geographical scope of inheritance tax (“IHT”) property relief (“APR”) and IHT woodlands relief will be limited to property or woodlands situated only and will no longer include land in the Economic Area (“EEA”), the
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SOURCE: Farmer & Cowboy Agriculture Businesses – agricultural
NOTE: Agriculture businesses in the UK play a crucial role in the nation’s economy, environment, and society. By understanding the political, social, and economic dimensions of the agricultural sector, farmers and agribusiness owners can navigate challenges and seize opportunities to build resilient, sustainable, and profitable operations.
This comprehensive analysis provides valuable insights, practical tips, and strategies to support farmers in their journey toward sustainable farming practices. By focusing on financial management, marketing, risk management, community engagement, technological adoption, sustainable practices, animal welfare, and future outlook, UK agriculture can continue to thrive and contribute to the well-being of the nation and the environment.
Originally posted 2024-05-24 00:00:00.