Agricultural Trust within the Will
£360.00
Our team of experienced lawyers can assist with the preparation of an agricultural trust within a will, ensuring that it complies with the requirements for agricultural property relief and that it accurately reflects the individual’s wishes for their agricultural property. We will provide clear, practical advice on the best approach to ensure that the agricultural property is protected and preserved for future generations, while also maximising the available inheritance tax relief.
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Quantity | Discount | Discounted price |
2 + | 30% | £252.00 |
Description
An agricultural trust within a will is a type of trust that is specifically designed to provide financial support for agricultural property. This type of trust can be used to manage and protect agricultural land, buildings, and assets, ensuring that they are preserved for future generations.
Agricultural property relief is a type of inheritance tax relief that can be claimed on agricultural property left to a trust. The relief is designed to reduce the amount of inheritance tax that would otherwise be payable on the transfer of agricultural property to the trust. To be eligible for agricultural property relief, the property must be used for agricultural purposes, and the trust must be established for the sole purpose of preserving the property for agricultural use.