Tag: Land Ownership
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‘Damage has been done’: Farming community responds to rumours of an inheritance tax U-turn
What the whispers say about the inheritance tax on farms As the budget looms more than six weeks away, speculation swirls around potential tweaks to the inheritance tax (IHT) reforms first unveiled last year. Reports from Whitehall have suggested the threshold for IHT could rise from £1 million to £5 million, with a staggering £10…
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Freehold Land Ban Extended: Revenue Department’s Decision
Introduction The Revenue Department has recently announced an extension of the ban on freehold land until November 11. This decision has significant implications for farmers and landowners across the region. The continuation of this ban raises concerns among many stakeholders, especially smallholders who rely heavily on their land for livelihood. Reasons Behind the Ban The…