Yorkshire dairy farmer Ian Collins enjoyed huge success with his Dairy Shorthorn cows at the Dairy Show this week, taking home numerous ribbons and the interbreed pairs award. Mr Collins took top honours in a number of Dairy Shorthorn classes, including the breed championship with his cow Churchroyd Heather 50. Topping it off, he secured the prestigious interbreed pairs championship, sponsored by Old Mill accountants. Full story: Read more
HMRC proposals will hamper succession planning, warns Old Mill
Farmers could face steep hikes in Inheritance Tax if new HMRC proposals come into force, warns rural accountant Old Mill. Currently, landowners can put properties into trusts in order to hand them over to the next generation; often saving Capital Gains Tax and Inheritance Tax in the process, says head of rural services Andrew Vickery. But now HMRC is proposing to cap the tax-free value of trusts at £325,000, meaning any properties worth more than that may incur IHT charges. Full story: Read more