Podcast Location:
Download it here [file size: 19.4 MB]
Part of:
Law in the Countryside CPD Training Bundle
Tax & Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast is aimed at those practitioners who deal with private client issues for those living in the countryside. It discusses some of the key points practitioners should bear in mind with regard to valuations, timber businesses and woodland, the application of APR, BPR and the future of both and strategies for passing down assets to a new generation to mitigate tax.

After completing the course you will:
  • Understand the role of the District Valuer and the appropriate dynamic for any visit following a death;
  • Know how to best protect woodland or timber businesses on rural land from the tax man;
  • Understand the interaction of woodland businesses with APR, BPR and what recent decisions have done to the applicability of both reliefs;
  • Be aware of the possible changes affecting the future of reliefs in any review of IHT by the Government or OTS,;
  • Understand the importance of 'active husbandry';
  • Understand the strategies for farmers to pass assets down a generation.
Complex Difficulty: 4 of 5
Practical Guide
Sources and References:
  • Inheritance Tax Act 1984 ss 160, 125, 127, 128;
  • Chadwick v HMRC [2010] UKUT 82;
  • HMRC v Brander [2010] UKUT 300 (TCC);
  • Farmer's Executors v IRC [1999] STC (SCD) 321;
  • HMRC v The Trustees of the Nelson Dance Family Settlement [2009] EWHC 71 (Ch).

In this two part CPDcast mini-series chartered accountant and rural business expert Julie Butler looks at a number of tax planning issues affecting business and land owners in the countryside and how they might mitigate their tax position when passing assets down a generation. Part 1 of the mini-series focuses on valuation issues, protecting woodland from the tax man, the prospect of IHT reform and the impact of the recent case of Brander v HMRC.

Podcast added: 04/07/11

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