UK Office of Tax Simplification Takes Aim at Inheritance Tax Death duties were first introduced, in their modern form, back in 1894 when the government introduced estate duty, a tax on the capital value of land. Estate duty was eventually replaced by Capital Transfer Tax in 1975, which introduced the concept of tax on lifetime…
For many years the yields from agricultural land farmed in the conventional way have been low, and have proved insufficient to cover costs and build up capital sums for the needs of an Estate.
The impetus towards diversification to provide non-agricultural sources of income started many years ago, and has in many cases been extremely successful in providing the cash needed.
We have been involved in many different schemes over the years and thus have experience which can usefully be applied to the consideration of opportunities as they arise.