With Spring underway, many rural businesses are thinking ahead to the coming tax reforms, particularly concerning inheritance tax and capital gains tax. While the full details are expected in Summer 2025, now is the ideal time to review not just your tax position, but also your legal arrangements as a whole.
“One of the most common causes of delay in succession planning or business transactions is uncertainty over property ownership and legal documentation,” says Sarah Parker, Head of Agriculture at Ware & Kay incorporating Pearsons & Ward Solicitors in Malton. “This can create significant challenges, particularly in rural estates where land has been passed down through generations. Unwritten agreements, missing title deeds, and unclear ownership records can slow down transactions, increase costs, and lead to unexpected disputes”.
Key areas to review
Title Deeds…