This episode of Farming Focus explores how farming families can plan for the future, focusing on inheritance tax (IHT) and succession planning with insights from accountant Brian Harvey and farmer Andrew Branton. It covers when and how to start conversations, common pitfalls, and practical advice to keep farms in the family for the next generation.
In this episode of Farming Focus, host Peter Green talks to agricultural finance expert Brian Harvey of PKF Francis Chartered Accountants and Devon dairy farmer Andrew Branton about the future of family farms and the impact of inheritance tax (IHT). They discuss why succession planning is so often delayed, what IHT is and how it could affect farming businesses, and the key steps families can take to prepare. Andrew shares his family’s experience of starting the conversation and planning for the next generation, while Brian offers practical advice on where to begin, common mistakes to avoid, and the importance of involving the right people early on.
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Farming Focus is the podcast for farmers in the South West of England, but is relevant for farmers outside of the region or indeed anyone in the wider industry or who has an interest in food and farming.
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