Alex Stevens

@LeedhamAlan And a very strong chance that the business has borrowed against those assets over the long term already to meet compliance/productivity/environmental/animal health/other needs against a backdrop of low return.

So, #FamilyFarmTax Say 400acre family farm at £10k/ acre = £4m House, machinery etc £1.5m = £5.5m £1m to £3m exempt, say £2m. 20% IHT on £3.5m is £700k. If a generation is 28 yrs that's £25k a year IHT (paid after income tax etc) so 0.45% of capital every year BUT, read on⬇️

It's always been a cool thing having part of a WWII airfield on the farm (yep, the one from Band of Brothers). Lots of activity this week for #DDay80