Rural Business
Rural Roundup – Headlines & Deadlines for SAF (IACS) and AECS
Welcome back to the Rural Roundup. This show is produced in association with the Scottish Government. On today’s episode, we’re joined by George Chalmers & Tiffany Stephenson who talk headlines and deadlines. We talk about the Single Application Form (IACS) window, AECS, and changes to both. We also discuss “Fair work first” and what that…
Agribusiness News March 2025 – Management Matters: Wills & Power of Attorney
Autumn Budget 2024 – fundamental change to Inheritance Tax The Budget brought significant changes to Inheritance Tax, particularly concerning Agricultural Property Relief (APR) and Business Property Relief (BPR). These changes could result in some farming assets now being subject to IHT. Given these developments, estate planning has never been more crucial. Many farmers still lack…
Agribusiness News February 2025 – Management Matters: How Whole Farm Plans will Affect Landlords
Landlords and the 2025 SAF Whole Farm Plan requirements The Scottish Government have introduced the Whole Farm Plan as a condition of the Basic Payment Scheme from 2025 onwards. All businesses that claim, including Landlords under ‘Alternative Practice’ (AP), need to have in place a minimum of two of the following activities: Carbon audit Soil…
Agribusiness News February 2025 – Inputs: The Benefits of Co-operating with Co-operatives
The role of Co-operatives in supporting agribusiness in Scotland Co-operation is the quiet engine room of Scottish farming. Collectively, producer co-ops generate over £1bn turnover to Scottish agriculture each year. Some 65 producer co-ops represent over 25,000 memberships across all major enterprises. From dairy to daffodils, pigs to potatoes, soft fruit to shellfish, cauliflowers to…
Capital Gains Tax and Reliefs
Following the Autumn Budget the rate of Capital Gains Tax (CGT) was increased with immediate effect – CGT is a Tax on the profit generated when you sell or dispose of an asset where the value has increased, this applies to sales of Agricultural land and farms. For farmers this means that any…
National Minimum Wage and Employment Taxes
National Living Wage (NLW)/National Minimum Wage (NMW) The table below shows the increase in National Living Wage/National Minimum Wages proposed in the Autumn Budget National Minimum wage paid to Apprentices, Under 18s and 18 to 20-year-olds. National Living wage is paid to anyone over 21. Approx increase in Gross pay per annum based on…
Inheritance Tax and Reliefs
The key headline for agriculture in the Autumn Budget is the change announced to Agricultural Property Relief (APR) and Business Property Relief (BPR). Both APR and BPR are types of Inheritance Tax (IHT) relief and are central to consider in any succession planning decisions in any farming family. While APR is exclusively an agricultural relief,…
Agribusiness News January 2025 – Global Trends
The UK and European agricultural economies have been on a slow journey back to more stable conditions in the wake of the disruptive effects of Covid-19 and the war in Ukraine. While agricultural trading patterns have shifted to account for these, new shocks such as the conflict in the Middle East continue to drive economic…
Agribusiness News January 2025 – 2024 Environmental Roundup
Key policy developments November saw the passing of the Climate Change (Emissions Reduction Targets) (Scotland) Bill by the Scottish Parliament, outlining a move from annual emissions targets to 5-year budgets, now similar to the rest of the UK. The previous interim target of a 75% reduction in Scottish national emissions by 2030 was scrapped in…
Agribusiness News January 2025 – Policy Brief
Round up of 2024 In March, the Land Reform (Scotland) Bill was introduced. It is aimed at how land in Scotland is owned and managed in rural and island communities. Proposals include, in certain cases, prohibiting landholdings over 1,000 ha from being sold until Ministers can consider the impact on the local community. This could…