Larking Gowen Insights

Dominic Carter and Gillian McGill discuss the complexities of taxation for property purchases, focusing on VAT implications, stamp duty land tax (SDLT), and the annual tax on enveloped dwellings (ATED). They emphasise the importance of understanding the nature of property acquisitions, the differences between commercial and residential properties, and the tax implications of corporate versus individual ownership.

They also highlight changes in SDLT and the necessity of seeking professional advice to navigate the intricate tax landscape.

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© Larking Gowen LLP This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

In this episode, Andrew Burwood and Louise Dean, discuss the implications of the McCloud judgment on NHS pension scheme members. They explore who is affected, the communication process from NHS pensions, the differences in pension growth between legacy and new schemes, and the importance of seeking professional advice. They also cover options for managing tax charges and the costs associated with professional guidance.

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You can find more episodes from this series on our website larking-gowen.co.uk/LGI

© Larking Gowen LLP This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

In the final Autumn Farming Conference special, Alan Boswell Group, insurers and financial planners, and Bruce Masson present on recent tax changes announced during the UK Budget, particularly in relation to the impact of national insurance and capital gains tax changes. They also discuss furnished holiday lets and inheritance tax (IHT) including the new £1 million threshold. The experts provide insights into trusts, insurance products, and strategies, emphasising the importance of planning and professional advice. They also address concerns from the audience.

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

Get in touch with Alan Boswell here

You can get in touch with our presenter directly through the Our People section of our website here.

You can find out more about the work of the CLA here

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You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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In the second Autumn Farming Conference special, Sam Steggles chats about his experiences with The Goat Shed, highlighting the importance of adaptability, team dynamics, and community engagement in the agricultural sector. Edward Vipond from Troston Farms also speaks on his extensive experience in farm management, highlighting the challenges and changes in agricultural practices over the years. He reflects on his journey through various roles, the impact of evolving agricultural policies, and the innovative approaches he has taken, particularly with sunflower farming. He talks about adapting to new market demands, managing risks, and the administrative burdens that come with modern farming. He shares insights on sustainability and the future of farming, advocating for a balance between innovation and risk management.

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenter directly through the Our People section of our website here.

Visit The Goat Shed

Learn more about Troston Farms

You can find out more about the work of the CLA here

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You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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In the first of 3 special Autumn Farming Conference episodes recorded live on November 4 2024, Bruce Masson and Cath Crowther, Regional Director of CLA in the East, intro the conference, highlighting key issues facing the farming sector, particularly in light of recent budget announcements. They discuss the need for community support and strategic planning in navigating these challenges, and highlight the importance of evidence-based advocacy. They discuss role of local farming in ensuring food security and economic stability in rural areas and the complexities of inheritance tax, business reliefs, and the impact of policy changes.

Cath and Bruce had a more in-depth chat on this podcast, after the conference which you can find here.

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenter directly through the Our People section of our website here.

You can find out more about the work of the CLA here

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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Bruce Masson is joined by Cath Crowther, Regional Director of CLA in the East, to discuss the recent UK Budget announcements regarding inheritance tax and their implications for farmers and the rural economy. They explore the impact of proposed changes to agricultural property relief and business property relief, the challenges faced by tenant farmers, and the broader economic consequences of these tax changes. They urge resilience within the agricultural sector and the importance of providing accurate information to policymakers.

*Links to our Autumn Farming Conference conversations will be available soon*

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenter directly through the Our People section of our website here. You can find out more about the work of the CLA here

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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Gilly and Giles are joined by educational finance expert Tony Lawlor FCCA to discuss the implications of the recent VAT changes on school fees, discussing the budget announcements, clarifications from HMRC, and practical steps for schools to take. Tony shares his insights on the challenges faced by bursars and finance leads, the need for system upgrades, and considerations for year-end changes.

You can find a recording of the VAT training mentioned in this episode on YouTube

Dont forget you can still listen to Gilly and Giles' pre Budget conversation; VAT on school fees – what should independent schools do now?

and

UK Election Manifestos – what will they mean for tax and education?

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

Find out more about Tonys work here, and connect on LinkedIn here

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You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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In the last of this mini-series series, Business Team Partner, Becky Ames, joins Megan and Alanah to discuss the critical aspects of exiting a business, emphasising the importance of early planning, understanding various exit strategies, and the emotional complexities involved. They explore options such as selling the business, management buyouts, and gifting shares to family members, while also addressing the tax implications and the need for transparency in these processes.

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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Digital Partner, Martin Bugg, joins Megan and Alanah to discuss the definition of succession planning, which includes identifying key employees or family members for succession, setting timelines, and maintaining stakeholder confidence. He also reflects on examples of the importance of open communication, motivation, and culture in succession planning, the use of digital tools and the involvement of other professionals, such as solicitors and IFAs.

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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Megan and Alanah chat to tax specialist, Emma Walker, about succession planning and the personal tax implications involved in selling your business. They touch on topics such as the timing of exiting a business, the sale of shares, and the tax rates and conditions for business asset disposal relief. They also mention the upcoming Budget and potential changes to capital gains tax.

Emma also provides insights into your personal tax considerations when succession planning. She looks at the tax implications of selling or gifting shares in a business, lifetime allowance, stamp duty on shares, inheritance tax, and business relief.

Timestamps:

• 00:51 - Autumn Budget 2024 expectations
• 01:58 - Selling your business Budget expectations
• 03:00 - Sale of shares - CGT
• 06:20 - Rates on share disposal
• 08:00 - Business Assets Disposal Relief formally Entrepreneur Relief
• 11:20 - Lifetime allowance
• 12:36 - Gifting shares/Family business passing shares down
• 14:08 - Options other than gifting shares inc Gift Holder Over Relief
• 16:40 - Stamp duty
• 18:00 - IHT Inheritance Tax
• 21:20 - IHT - Business Relief
• 23:05 - Check your Will!
• 28:15 - Emma's top tips

GET IN TOUCH! If you have any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

© Larking Gowen LLP