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Successor or Heir Welshpool Livestock Market
24th May at 11am – 1pm followed by a light lunch.
Harrisons in conjunction with Morris Marshall & Poole are running a free seminar looking at Inheritance Tax and succession planning in the agricultural sector.
Huw Williams and Kate Handel of Harrisons Newtown and Welshpool will speak about Inheritance Tax, Agricultural Property Relief, the use of wills & trusts and having the correct business structures in place to ensure that your business is set up in as tax efficient way as possible. Huw Williams will also speak about key tips to ensure the efficient and orderly transfer of the business to the next generation – an issue which often causes much debate in the agricultural sector. With many farming businesses seeing the need to diversify, Huw will discuss the pitfalls which need to be avoided from a tax perspective.
Tony Evans from Morris Marshall & Poole will speak about the role of the valuer in this process and how the valuations and their timely use and discussions with other professionals are ever more important before a property is transferred on marketed.