New look for farm sales
New look for farm sales
- 2002
- Farmers Guardian 22 February 2002, 43(1) .
Farm sales will be affected by the introduction of 75% business asset taper relief on capital gains tax. This will avoid the practice of rolling-over: instead sellers will be able to pay a minimal tax bill and free funds for a wider range of investment rather than reinvesting in a new, qualifying asset, ie another farm or piece of land within 3 years in order to avoid paying 40% in capital gains tax.
CAPITAL GAINS TAX
PROPERTY-RURAL AND NATURAL ASSETS-AGRICULTURAL PROPERTY-AGRICULTURAL LAND
AGRICULTURAL INVESTMENT
FARMLAND MARKET
FARM SALES
Farm sales will be affected by the introduction of 75% business asset taper relief on capital gains tax. This will avoid the practice of rolling-over: instead sellers will be able to pay a minimal tax bill and free funds for a wider range of investment rather than reinvesting in a new, qualifying asset, ie another farm or piece of land within 3 years in order to avoid paying 40% in capital gains tax.
CAPITAL GAINS TAX
PROPERTY-RURAL AND NATURAL ASSETS-AGRICULTURAL PROPERTY-AGRICULTURAL LAND
AGRICULTURAL INVESTMENT
FARMLAND MARKET
FARM SALES