Super rich and want to avoid Inheritance Tax? Buy a big farm

28 Feb

Under the heading “Soaring demand for farmland sees prices reach record levels in the South West, the piece ends with this paragraph:

[An upmarket estate agend] said there was strong demand from London buyers who wanted both the lifestyle and the security that came with the investment in land. And he revealed some buyers were also using the purchase of a farm as a way to secure an investment against inheritance tax with one family seeing a four-fold increase over 11-years in the value of the South Hams farm that they bought as a hedge against inheritance tax. But he said farm land prices were no longer so closely linked to farm incomes as was once the case, with land now seen as a good investment for its own sake.

Read more: http://www.westernmorningnews.co.uk/Soaring-demand-farmland-sees-prices-reach-record/story-20725775-detail/story.html#ixzz2ud5NupMD

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: