Owning a farm could remove inheritance tax liability Investing in farmland or moving from the big...
Owning a farm could remove inheritance tax liability Investing in farmland or moving from the big smoke could give some individuals up to 100% Inheritance Tax relief, according to a national accountancy group. Stephen Torgersen, partner at Torgersens in Sunderland - which is part of the Hacker Young accountancy group - claims anyone with no previous rural connections could see considerable personal and fiscal benefits if they own property on farmland which is used for farming. According to Torgersen, IHT which might apply to other assets can be reduced by as much as 100% by th...
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