Brodies LLP partner Leigh Gould will aim to answer farmers’ questions on inheritance tax
Farmers seeking the latest information on how the changes to agricultural property relief (APR) and business property relief (BPR) could affect them and their families have been invited to a Monitor Farm Scotland open meeting to hear expert insights and discuss the implications.
The evening meeting on Wednesday 25 February, at Saplinbrae Hotel, Mintlaw, Aberdeenshire, will feature Leigh Gould, Brodies LLP partner, a private client lawyer with over 20 years’ experience.
She also advises on how to use additional structures for holding and passing on wealth and minimising tax, and has a particular focus on advising clients with land and rural businesses.
Gould will discuss the implications for farm businesses of recent changes in APR and BPR for nheritance tax (IHT) when they are introduced in April. Alongside colleague Georgia Chalmers, Gould will also cover wills, trusts, partnership or shareholder agreements, and lifetime gifts.
Gould said: “There have been welcome changes to the proposed new regime for inheritance tax for farm and other business owners. APR and BPR for IHT will be increased from £1mn to £2.5mn when it is introduced in April 2026.
“The need to plan for the handover to the next generation in life or on death remains to be done. The part-reversal of the IHT changes may make this easier to do.’’
Chaired by Michael Murray, director of M2Accountants, the meeting is open to everyone and starts at 5.45pm with a buffet supper. Organisers say booking is essential for catering purposes.
