News

Inheritance Tax is estimated to have raised £5.1 billion in 2019/20, less than half the yield from SDLT, making it one of the UK’s smaller taxes but touching very sensitively on individuals and families. Its tax take has been rising, largely on the back of rising house prices bringing more people into its net. Some countries have abolished it and George Osborne’s offer in 2007 of a £1 million Nil Rate Band between a couple was enough to deter Gordon Brown from holding an election. In...

The Covid-19 pandemic and its restrictions have changed the way we live and work this spring. Many say that life will never be quite the same again. But what does the future look like for businesses? What changes might last? How does the economy recover? In this episode, Jeremy Moody tackles these big questions and more as we navigate our journey out of Covid. Also available on Apple, Spotify and Google Podcasts. Catch-up on previous episodes here. ​...

Further to DEFRA's confirmation of the English COVID-19 Dairy Hardship Fund opening for applications from 18th June 2020, the Welsh Government has confirmed that the Welsh fund will open on the same day. Eligible Welsh dairy farmers need to show they suffered a reduction of 25% or more in the average milk price they received in April and May, when compared with February 2020. Up to £10,000 funding is available to cover approximately 70% of the lost income. Farmers will need to provide...

DEFRA has confirmed that the COVID-19 dairy hardship fund announced on 6th May will open for applications from 18th June 2020. Up to £10,000 funding will be available for eligible dairy farmers to cover up to 70% of losses experienced during April and May due to the COVID-19 outbreak. To be eligible, dairy farmers need to show there was a reduction of 25% or more in the base price paid for their milk in April 2020 compared with February 2020. Guidance and the application form should be...

Looking beyond the virus restrictions, virtually every lobby group argues that its cause is further validated by the experience of the pandemic and the measures taken to tackle it. Those competing perceptions will frame the arguments we will see later this year. The largest arguments may be over the shape of future economic policy. Will there be a simple imperative to achieve recovery or will that be consciously built around climate change, environmental and other green objectives? What might...

Four environmental projects to protect and restore key habitats have been selected for funding under a pilot scheme looking to encourage private sector investment in such projects. The four projects receiving this funding are:- Devon Wildlife Trust - Restoration of the River Caen wetlands; Rivers Trust - Natural Flood Management in the River Wyre catchment; NFU - Poole Harbour Nutrient Management Scheme; and Moors for the Future Partnership - Peatland restoration in the Pennines. Further...

The RPA has confirmed that over 3,800 bridging payments were made in May for 2019 Countryside Stewardship and Environmental Stewardship unpaid revenue claims. Further details can be found on the gov.uk website.

The Welsh Agricultural Land Tribunal is seeking to appoint 3 landowner lay members to its panel. Successful applicants should have a good knowledge and experience of land management in Wales and be able to bring that to bear in considering cases. The closing date for applications is 10th June 2020 and further details are available on the Judicial Appointments Commission website....

The recent Court of Appeal decision in Borwick Development Solutions Limited v Clear Water Fisheries Limited considered whether solar panels and commercial fish pass to a buyer of the land. As the first such case on solar panels and with few legal precedents for the fish, Jeremy Moody gives a fascinating commentary on the case where fish possibly worth over £1m got away! Also available on Apple, Spotify and Google Podcasts. Catch-up on previous episodes here. ​...

The last two weeks have seen an easing in England of the Covid-19 restrictions on the property market, recovering activity in construction and increasing valuation work. With more negotiations and transactions, we may see how the property markets have moved. After 50 days of restrictions, there is the pent-up demand from many of the estimated 373,000 transactions said to have been stalled by the lockdown and then those newly motivated to buy this spring. Zoopla reports buyer interest to be 20...

The organisers of the Oxford Farming Conference have announced that it will be held as a one day digital event on Thursday 7th January 2021. From June to December 2020, OFC will hold monthly webinars to debate themes from previous conferences. To register for the free OFC Bitesize webinars, go to https://www.ofc.org.uk/conference/2021

Covid-19 now sits alongside Brexit as a radical accelerant of business change. The impact of the restrictions has been described as fast-forwarding business practice from March 2020 to, say, March 2025, with: the accelerated use of the internet, home working with remote contacts with clients, and the accelerated shock for much of retail and business use of public transport, aviation and hospitality. How might this balance out as restrictions slowly lift and businesses and people find how they...

The Agriculture Bill passed its final stages in the House of Commons yesterday (13th May 2020) and should be on track to pass through Parliament by this summer. Further information is available in DEFRA's Blog.

The measures now taken in England to ease the Covid-19 restrictions on the property and development are very welcome as a contribution to movement in the economy. Some construction sites never stopped, others had re-started working and some transactions continued. Nonetheless, developers stalled much work, not risking more money on half-built houses that might not be sold, starving the pipeline for development and further chilling the economy. Intended moves have been frustrated – Zoopla...