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Farmers urged to avoid rash decisions amidst concern over the family farm tax

"When it comes to succession and rethinking business structure, you should not make changes overnight"

Chris Brayford
clock 鈥� 3 min read
Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) 鈥� particularly regarding budgets, tax implications, and required capital investment and infrastructure 鈥� has increased financial pressure on farming businesses."
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Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) 鈥� particularly regarding budgets, tax implications, and required capital investment and infrastructure 鈥� has increased financial pressure on farming businesses."

Farmers have been encouraged to take a measured approach and avoid making any hasty decisions around succession planning and diversification plans. Head of agriculture and estates and partner at HCR...

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