Agricultural relief to be examined ahead of Budget 2027

Current qualifiers for agricultural relief require individuals to pass two tests, ‘the farmer test’ and ‘the active farmer test’

Agricultural relief has been proposed for examination ahead of Budget 2027.

The recent publication of the Tax Strategy Group papers ahead of Budget 2027 has listed agricultural relief as an area to be examined.

Agricultural relief is one of the major tax reliefs available for farming families on gifts and inheritances, reducing the taxable value of agricultural land and other qualifying agricultural assets by 90%.