Just days before Christmas, the Labour government delivered an unexpected, and for many, much needed change of direction on its proposed Inheritance Tax (IHT) reforms for agricultural and business property. For farming families who have spent the past year facing significant uncertainty, the announcement has landed as a genuine moment of relief.
Little things, like in this case putting a ‘hot food’ sign near a product that is potentially not intended to be served hot, can make a difference! Businesses should regularly review their tax position and seek advice, as appropriate.
'Charities may unwittingly end up paying tax if they carry out trading activities'
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Graeme Lovell
Partner
Graham Taylor
Janette Whiteway
Lucy Parry
Neil Raynsford
Ross Garfitt
