There is heavy speculation that Agricultural Property Relief (APR) and Business Property Relief (BPR) will be removed in the Budget next week (March 11). Landowners and Farmers have long known of the potential impact of leaving the EU, the loss of farming subsides over time and the uncertainty of future global trade agreements. But its less-telegraphed tax reform proposals that have the potential to wipe out whole estates.
All political parties have made it clear their commitment to increasing woodland cover in the UK. That comes as good news to the forestry sector and the large numbers of people and organisations who are interested in investing in this green industry.
The new Agriculture Bill was published by the Government on the 16th January 2020.
The Bill will change public support for Agriculture and rural land use in the most fundamental way since the UK joined the EEC in 1973. These changes will have a significant impact on most farming businesses and could lead to significant structural changes in some sectors.
The Government has recently launched the Woodland Carbon Guarantee (WCaG) to support the creation of woodland in England. This represents an important step in government policy by moving towards schemes that are directly aimed at mitigating the effects of climate change and promoting holistic land management strategies. We can expect that such an approach towards land management will become the norm in a post-Brexit era.
You can’t put a price on a beautiful sunset or a walk by the sea, said everyone once. Or can you?
The property industry is expertly adept at valuing land, homes, and the wider built environment, but less proficient in accurately valuing the quality of the natural environment, beyond the resources it delivers to commodity markets.