As debate rages over the legacy of Margaret Thatcher who passed away yesterday, I thought it would be interesting to see how farmland values have fared under the UK’s various Prime Ministers.
Tagged – ‘Farmland’
It is good news that HMRC has seen sense and announced today (11 December, 2012) that farmhouses worth over £2m and occupied by working farmers will qualify for relief from the new Annual Residential Property Tax (ARPT) on residential property owned by non-natural persons (NNP).
Investors have been paying increasing attention to agricultural land as a potential alternative to other more volatile and less tangible asset classes.
In times of economic crisis governments increasingly look for new ways to boost tax revenues while causing the minimum of voter (or voters who would vote for them at least) uproar.
If you view investments in black and white farmland should be a guaranteed winner.
Potential investors quite often ask me where the best country is in the world to invest in agricultural land.