Accounting for agricultural businesses

Read our August 2026 Private Client Insights – Farming, Diversification and Inheritance Tax brochure, where we look at what the recent Inheritance Tax changes could mean for modern farming businesses and family estates.

In this brochure, we explore Agricultural Relief and Business Relief and why diversification can change the tax position of a farm. From holiday accommodation and renewable energy to property letting and hospitality, we look at how different activities can affect the reliefs available.

We also consider why ownership structures matter, the impact of the new £2.5 million allowance and the key questions farming families should be asking now to ensure their succession plans keep pace with how their farm and wider business have evolved.

We are proud members of the Rural Agriculture Group (RAG), a network of 10 specialist accountancy firms across England and Scotland.

RAG brings together around 200 professionals with deep expertise in farming, estates and rural businesses. At its core is a technical committee of 25 experienced Chartered Accountants and Tax Advisors, ensuring members stay at the forefront of industry developments. Alongside this, the next generation of advisers are actively engaged, bringing fresh thinking and a strong interest in the future of land management and its tax implications.