Agricultural Property Relief and the Budget

Published: 11/03/2024 By Jane Ruell

Since Brexit, a question we are often asked as Land Agents is how the new environmental schemes will influence tax planning.  If, for example, a landowner takes arable land out of production and installs herbal leys to improve soil quality, will they still be seen as actively farming the land, and will they therefore still be eligible for Agricultural Property Relief?

As anticipated, Jeremy Hunt’s March budget has provided some clarity on this issue by way of an extension to the existing scope of Agricultural Property Relief(APR).  From 6 April 2025, land included in schemes such as the Sustainable Farming Incentive, Countryside Stewardship and Landscape Recovery, as well as the England Woodland Creation Offer and other similar schemes will be eligible for APR.

Similarly, land managed under an environmental agreement with, or on behalf of, the UK Government, Devolved Administrations, public bodies, Local Authorities, or responsible bodies will all be in the scope of APR.  Furthermore, land will still be included if the environmental agreement has ended but the land continues to be managed in a way that is consistent with the original agreement.

This measure is cost-free to the taxpayer but has opened doors and provided certainty.  As Rural Professionals we are able to be more confident when recommending opting into schemes with serious environmental outcomes.  
If you are interested in entering your land into one of the new schemes and would like guidance, please do get in touch with Graduate Rural Surveyor Jane Ruell in our Tiverton Office on 01884218911, or one of our Rural Grants experts in your nearest office (below) who can guide you towards the most advantageous option for the future of your farming business.  

Symonds & Sampson's dedicated farm agents offer a range of services to farmers and landowners. They are here to help you make the best decisions, ensuring that the buying, selling, letting and managing of your most valuable asset is straight-forward and rewarding. For further details, please click here.



Meet the Grants Team


Chris Powell


Partner
Devizes

BSc(Hons) MRICS FAAV


Department: Devizes Rural and Agricultural, Rural and Agricultural, Professional,
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, Biodiversity Net Gain, BPS, Contract Farming, Development Land, Diversification, Estate Management, Expert Witness, Farm Business Tenancies, Farms and Land, Grass Keep, Option Agreements, Options, Preparation of Plans for Land Registry, Promotions, Rural Grants and Subsidies, Tax Planning

01380 710535
07375 370163
cpowell@symondsandsampson.co.uk

Lester Williams


Partner, Auctioneer
Frome Market, Sherborne

MRICS FAAV


Department: Frome Market Rural and Agricultural, Sherborne Rural and Agricultural, Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, Biodiversity Net Gain, Boundary Disputes, BPS, Compensation, Compulsory Purchase, Contract Farming, Diversification, Easements, Energy, Estate Management, Farm Business Tenancies, Farms and Land, Grass Keep, Preparation of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Telecoms, Valuations, Valuations for Banks, Wayleaves

01935 818513
07778 646031
lwilliams@symondsandsampson.co.uk

A-J Monro (Andrew)


Partner, Head of Professional Services
Wimborne

BSC(Hons) MRICS FAAV APAEWE

Department: Rural and Agricultural, Professional, Wimborne Rural and Agricultural

Speciality: Agricultural Tenancies, AMC, Boundary Disputes, BPS, Compensation, Contract Farming, Development Land, Diversification, Easements, Energy, Expert Witness, Farm Business Tenancies, Farm Finance, Farms and Land, Grass Keep, Option Agreements, Options, Planner, Preparation of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Telecoms, Valuations, Valuations for Banks, Wayleaves



01202 882103
07867 555838
amonro@symondsandsampson.co.uk

Jack Edwards


Partner
Salisbury

MRICS FAAV


Department: Rural and Agricultural, Professional, Salisbury Rural and Agricultural
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, BPS, Compensation, Contract Farming, Diversification, Easements, Estate Management, Farm Business Tenancies, Farms and Land, Grass Keep, Option Agreements, Planner, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Valuations, Valuations for Banks, Wayleaves

01722 334323
07747 888385
jedwards@symondsandsampson.co.uk

Annabel Douglas


Rural Surveyor
Bridport

MSc MRICS FAAV


Department: Rural and Agricultural, Bridport Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agricultural Appraisals, BPS, Compensation, Diversification, Estate Management, Farm Business Tenancies, Grass Keep, Planner, Preparation of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Valuations, Valuations for Banks



01308 459564 adouglas@symondsandsampson.co.uk

George Whittaker


Senior Surveyor
Dorchester, Poundbury Burraton House

AssocRICS FAAV MBIAC CEnv

Department: Rural and Agricultural, Dorchester Rural and Agricultural, Burraton Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, Biodiversity Net Gain, BPS, Contract Farming, Diversification, Estate Management, Farm Business Tenancies, Farms and Land, Grass Keep, Planner, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Telecoms, Valuations


01305 236578
gwhittaker@symondsandsampson.co.uk