Insights
Case Study
Protecting a Farming Family’s Legacy
A familiar face, a new problem
When the government announced changes to Inheritance Tax on agricultural land, we knew straight away that some of our clients would be affected — and not in a good way. For farming families, so much of their wealth is wrapped up in the land itself, and the new rules changed the picture significantly.
This particular client has been with us for a long time, so when we spotted a potential issue, we didn’t wait to be asked. We picked up the phone.
Project Task
We started by doing what we always do — taking a proper, thorough look at everything. We went through their assets carefully, assessing each one for IHT purposes in light of the new legislation, and built up a clear picture of where things stood.
From there, we put together a detailed report that laid out several different estate planning scenarios. The goal was to make sure our client felt informed and in control, so they understood the different options and potential repercussions.
The Result
By working through the options together and putting the right plans in place, we helped our client reduce their projected Inheritance Tax liability by £112,000.
But beyond the number, what really mattered was giving this family the reassurance that the farm they’ve worked so hard to build has the best possible chance of being passed on to the next generation — just as they’d always hoped.
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