Rural and Agricultural Law

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Terese Kingman, a Legal Executive based at our South Molton office has been elected Joint Chairman of the South Molton Business Association along with Jon Lawrence from Turning Point Clinics in South Molton for 2013/2014. Terese has been involved with the SMBA for the past four years in helping to bring local businesses together in support of South Molton. Meetings are held on the first Thursday of the month at 6.00pm at The George Hotel, South Molton. Breakfast networking meetings are...

Our South Molton office specialises in agricultural law. In this article Terese Kingman, a Legal Executive based at our South Molton office, looks at tax reliefs available for farmers: Inheritance tax (IHT) on a single person’s estate presently stands at £325,000 April 2013. Anything over and above that figure will be liable to IHT at 40%. There is no tax to pay between spouses. So, if one spouse dies and leaves their entire estate to the other, their tax free allowance of...