Welcome to the Spring edition of our Agricultural Journal
On behalf of the Agriculture and Landed Estates team, I am very pleased to present to you the Spring 2025 edition of Ryecroft Glenton’s Agricultural Journal.
With the sun finally shining and signs of a more promising lambing season across the countryside, there’s a welcome sense of optimism in the air. As we move into spring, it’s a natural time to take stock, plan ahead, and ensure you’re up to speed with the changes that may impact your farm or rural business.
In this edition of our journal, we’re focusing on two key areas that are particularly relevant right now. Firstly, we explore the latest developments around Inheritance Tax. As conversations continue around potential reform and reliefs, it’s an important moment to review succession plans and ensure your arrangements are still fit for purpose, especially for those looking to pass the farm down through the generations.
We also take a practical look at the upcoming changes under Making Tax Digital for Income Tax. With HMRC’s digital rollout continuing to evolve, it’s essential for self-employed farmers and rural businesses to understand what’s coming, who’s affected, and how to prepare in advance.
Save the date: We’re excited to announce our next agricultural seminar, “A Farmer’s Guide to Inheritance Tax”, which will take place on 15 May 2025. The seminar will be an informative and practical session, with expert advice tailored to farming families and rural landowners. Formal invitations will follow, but we encourage you to pencil it in your calendar now.
As always, we aim to keep you informed and supported as the landscape changes and to help you make decisions that secure the future of your business and family.
We hope you enjoy this spring edition and, as ever, we’re here if you’d like to discuss any of the topics in more detail.