Continuing on the agricultural theme from last time, in this article I consider agricultural land, its cost, its investment potential and its use in inheritance tax planning. Widely reported figures from Knight Frank show the price of farmland averaged £4,129 per acre in December 2007 - a rise of 25% on the previous year - and property consultants are forecasting growth between 10% and 20% in 2008. However many are not convinced that these high rises will be sustained, and if, as is being widely predicted, commodity and in particular food prices start to ease in 2009 this could have a k...
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