Farm Owner Wills & Succession Planning.

Farm Inheritance Planning, Farm Inheritance Tax & Succession Planning.

Succession planning for your farming estate and Farm Inheritance Planning is the most important provision any farming family can make when looking to the future and making arrangements for the succession of your estate.

You and your family may have worked the land for generations and developed your farm into a thriving business. Careful planning can ensure that you protect your assets and provide for your family after your time in the most sensitive, strategic and tax efficient ways. Leaving things to chance is a risk not worth taking especially when exceptional Farm Inheritance Planning is within easy reach here at Lanyon Bowdler.

Our Agricultural lawyers are experts in working with farm owners to devise comprehensive Farm Inheritance and estate succession plans. Our bespoke and tailored Farm Inheritance solutions will provide a roadmap for traversing Farm Inheritance tax issues and planning for the handover of all responsibilities.

We are proud to be recommended as one of the NFU’s Agricultural law firms. Our Agricultural law team has been working with and protecting the interests of Farm owners and farming families for over a century, we recognise that rural and farming businesses are unique when it comes to succession planning, Will writing and inheritance tax, and provide a bespoke service to ensure personal circumstances are taken into consideration.

Agricultural business and farming sector expertise and specialisms are fundamental in this area of the law and Lanyon Bowdler can guarantee expert advice from some of the sector’s leading legal professionals.

Having long delivered farm succession planning services across Shropshire, Herefordshire, Staffordshire and Wales, we provide a level of industry knowledge and local insight that is seldom found anywhere else. Many of our solicitors have personal experience of living and working on farms, combining legal expertise with a life-long passion to ensure the very best legal advice for you, your family and your business.

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Farm Inheritance Tax Law – Legal Expertise

Effective succession planning is vital for the continuing profitability of your farm and to ensure your family is able to capitalise on the various tax reliefs that are available. Our services cover all areas of this complex and often difficult area including:

Farm estate succession planning advice

As a farm owner, it is essential that you plan ahead to ensure the smooth transition of your family business to the next generation and we can advise you accordingly. This will help avoid any family disputes that may arise due to the division of assets and will ensure the farm continues to be profitable and successful.

Farm owner will drafting services

A will is essential in any circumstance but in particular where a farm and family business at stake. Without a will, the legal division and distribution of your estate, including your farm, land and other business assets won’t take into account the needs of your family. The expert team of lawyers at Lanyon Bowdler appreciates the importance of handing down the family business in accordance with your wishes for the farm and can prepare and draft your will, tailored to your specific circumstances and future plans for the farm and land.

We pride ourselves on close client relationships and will visit your farm and meet your family to make sure that we thoroughly understand your business, your requirements and the needs of everyone involved.

Inheritance tax relief advice and applications

Even if your estate exceeds the threshold for inheritance tax, there are certain exemptions and reliefs in place for agricultural property and businesses to enable them to be passed on tax-free in a will or as a lifetime gift.

The criteria for being eligible for these exemptions include that:

  • The property must be part of a working farm
  • You must have owned the property for at least two years, or seven years if it has been rented out
  • The property is classed as agricultural land or pasture

You cannot rely on automatically passing your assets to the next generation for free, however, although your farming business may be eligible for these exemptions, it is a particularly complicated area of the law that requires specialist legal advice. Our agricultural team can help to ensure your family are not left with an overwhelming tax bill which could ultimately impact on the future survival of your farm business, by helping you understand what tax relief is available to you and helping you with your applications.

Our experience in negotiating with HMRC for both Agricultural Property Relief (APR) and Business Property Relief (BPR) will help secure the future of your farming business for generations to come.

Agricultural land diversification advice

Farmers and landowners are increasingly exploring the potential to boost their income through diversification of their land and property. We can help you with all matters relating to diversification including planning implications, employment and tenancy agreements, business structures, partnerships, and inheritance tax implications.

Farming estate administration

Our probate solicitors can help in all areas of estate administration and recognise the need to work quickly and efficiently to minimise stress and worry.

Inheritance Tax Relief on Agricultural Land & Property

Types of Agricultural Land and Property can be passed on to your beneficiaries completely free of Inheritance tax. This can be arranged as part of your will or during your lifetime.

Land & Property qualifying for Agricultural relief from inheritance tax is classified as pasture or land used to rear animals or for growing crops intensively. This comprises:

  • Some Agricultural shares and securities
  • Farmhouses, farm buildings & cottages
  • Crops that are growing
  • Short rotation coppices
  • Land not current farmed (under the crop rotation scheme provision)
  • Land not currently farmed (under the habitat scheme provision)
  • Stud farms
  • Milk quota value associated with the land

Land & property assets currently excluded from agricultural relief from Inheritance tax

  • Farm machinery and Equipment
  • Crops already harvested
  • Livestock
  • derelict buildings
  • property already subject to a contract for sale
Testimonials

What our clients say.

Since dealing with Lanyon Bowdler they have been diligent, efficient and at all times very helpful along with being structured in dealing with matters, fees and clarity on all levels. Thank you.

Michael
via ReviewSolicitors

I was clearly informed of progress step by step. The service you provided was very good.

Peter Weston
Shrewsbury

All work carried out effectively and efficiently.

Hubert Jones
via ReviewSolicitors

An excellent service with solicitors that you can talk to and who give you a clear understanding of all necessary legal implications and interpretations.

Eric
via ReviewSolicitors

From start to finish we had excellent service. Friendly, approachable and professional.

Carl Gittins
via ReviewSolicitors

Very clear, concise advice and guidance, easy to understand.

Ian Jamieson
Telford

Good service provided throughout with clear communication throughout with all options explored.

Lee

I can thoroughly recommend the highly professional and supportive service received over the last few months.

Heather
via ReviewSolicitors

Responsive, supportive, approachable, clear and empathetic.

Lisa Thacker

Professional and prompt communication. Supportive and client focused.

Lisa Thacker
Jennifer M Whittall Ltd

Whenever I have had need to contact Lanyon Bowdler I have always received a fast, concise and friendly response.

Lee Mortimer
UK Case Management

Definitely would use Lanyon Bowdler again if I need the use of a solicitor.

Mark Bowkett
via ReviewSolicitors

Smooth and efficient service from very professional firm.

Tim
via ReviewSolicitors

We were particularly impressed with the quality of work, the speed and excellent communication.

Allenby Douglas Ltd
Oswestry

Excellent legal advice on water extraction licence.

Elizabeth Morris
via ReviewSolicitors

Very friendly and approachable. Very good advice

Ivor Brown
via ReviewSolicitors

Great Service; Lanyon Bowdler were excellent from the outset. Straightforward and easy process. I just sat back and waited.

Paul Rowe
via ReviewSolicitors

Not only professional, but super fast.

Raj
via ReviewSolicitors

Everything has been professional, efficient and courteous throughout and we are very pleased, both with the service and with the eventual outcome of our case. Everything was first class and exceeded our expectations. Thank you again for providing such splendid service. It is really appreciated.

Mr N J & Dr S J Browne
Llanfyllin
Accreditations

Our awards and accolades.

Contact Lanyon Bowdler’s Farm Inheritance Solicitors

With branches in Shrewsbury, Bromyard, Hereford, Ludlow, Oswestry, Telford and Conwy, we are ideally situated to meet the needs of the surrounding towns, villages and rural communities including the neighbouring counties of Gloucestershire, Worcestershire, Staffordshire, Cheshire and Powys, and Mid and North Wales.

Our agricultural lawyers are more than happy to come and meet you at your farm or place of work, so gaining expert advice on all aspects of farming law couldn’t be easier. Contact the team or complete the online enquiry form, and someone will be in touch.

Our people

Meet the team.

Edward Rees
Edward Rees
Partner
Wills & Probate | Estate Planning | Lasting Powers of Attorney
David Pugh
David Pugh
Partner
Wills & Probate | Estate Planning | Lasting Powers of Attorney
Edward Nutting
Edward Nutting
Partner
Agriculture | Commercial Property | Renewables | Leisure & Tourism
Karl Beckett
Karl Beckett
Partner
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Kevin Thomas
Kevin Thomas
Partner
Wills & Probate | Estate Planning | Lasting Powers of Attorney
Emma Deering
Emma Deering
Associate Legal Executive (FCILEX)
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Georgina Hughes
Georgina Hughes
Associate Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Sophie Burgoyne
Sophie Burgoyne
Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Charles Almond
Charles Almond
Consultant
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Sioned Williams
Sioned Williams
Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Nicola Smith
Nicola Smith
Legal Support Assistant
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Julie Langford
Julie Langford
Legal Assistant
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Kate Lawson
Kate Lawson
Associate Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Jan Hope
Jan Hope
Legal Secretary
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Val Howard
Val Howard
Legal Secretary
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Aimee Johnson
Aimee Johnson
Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Angharad Hird
Angharad Hird
Associate Solicitor
Wills & Probate | Lasting Powers of Attorney | Estate Planning
Knowledge

Latest knowledge.

Blog

Farm Disputes

Farms often present a twin dilemma for farm owners when they are contemplating making a will: 1) how to facilitate ...
Claire Vale • 03 Jul 2024
Blog

Farmers and Landowners Should be Aware of Landmark Natural England Legal Ruling

A recent court case in which Natural England was found to have insufficient power to threaten a farmer with jail is...
Stewart Smith • 21 May 2024
Case Study
Oldfields Cider barrels

Oldfields Cider

We found the team to be exceptionally knowledgeable and efficient in resolving any problems quickly....
Edward Burrell • 19 Jan 2024
Podcast icon Podcast

Agricultural Tenancies and Succession – Steven Corfield and Susan Grazier

We discuss the importance of agricultural tenancies and partnership agreements....
Published • 10 Apr 2023
Podcast icon Podcast

Farming Partnerships

What should be covered in a partnership agreement, what happens if the partnership suddenly ends and more. ...
Published • 26 Sep 2022
Podcast icon Podcast

Legal Aspects Relating to Agricultural Property – Steven Corfield

Discussing the legal aspects relating to agricultural property....
Published • 15 Aug 2022
Blog

Farm Diversification – Tax Considerations and Consequences

Diversification can lead to new sources of income, and may also be an attractive business project for younger gener...
Edward Rees • 27 Jul 2022
Blog

Discovery of Viking Hoard Leads to Jail Sentences for Metal Detectorists

The legal obligations and responsibilities imposed on metal detectorists were highlighted in a well-publicised case...
Claire Vale • 02 Jan 2020
Blog

Metal Detecting

Metal detecting and the prospect of unearthing buried treasure is something that has always fascinated me. I wanted...
Claire Vale • 21 Sep 2017
Blog

When is a Tractor Not a Tractor?

The European Court of Justice (ECJ) delivered an extremely significant decision in the case of Damijan Vnuk v Zavar...
Karen Clarke • 09 Oct 2015
Blog

Ragwort – What’s the Problem?

Farmers, landowners and the general public may be aware of the legal implications under the Weeds Act 1959 and the ...
Amanda Jones • 31 Jul 2013
Blog

Farm Vehicles and Mud on the Road – Farmers Must be Aware of the Law

Diversification can lead to new sources of income, and may also be an attractive business project for younger gener...
Dawn Humphries • 29 Nov 2012
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