Inheritance Tax & Agricultural Land - Key Changes for Scottish Farming Clients

Introduction

The changes to the inheritance tax treatment of agricultural land and farm businesses from April 2026 have significant implications for Scottish farming clients and the legal professionals advising them. The new rules will need to be considered alongside the particular legal and practical issues that arise in relation to Scottish agricultural land, farming businesses and succession.

This practical and interactive virtual classroom seminar will provide a focused update on the inheritance tax changes affecting Scottish agricultural land and farm businesses. It will examine the impact of the new rules on Agricultural Property Relief and Business Property Relief and consider the implications for Scottish agricultural tenancies, farming partnerships, wills, lifetime gifting and succession planning.

With the changes creating new considerations for those advising farming families and agricultural businesses, the session will help Scottish legal professionals understand the practical issues to consider when advising clients on the future ownership and succession of agricultural assets and businesses.

What You Will Learn

This live and interactive session will cover the following:

• The new inheritance tax rules applicable to agricultural land and farm businesses from April 2026, with particular consideration of their impact on Scottish farming clients
• The application of the new rules to Scottish agricultural tenancies and succession arrangements
• The impact on Scottish farming partnerships and the drafting and review of partnership agreements
• The implications for Scottish succession planning, will drafting and lifetime gifting
• The proposed inheritance tax treatment of pensions and the potential impact on Scottish farming clients and agricultural estates
• Practical issues to consider when advising Scottish farming families on the ownership, transfer and succession of agricultural land and businesses

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.