It will soon be one month since Labour released their new budget, which confirmed the fears of the rural community in reducing Agricultural Property Relief and Business Property Relief, amongst other changes that will squeeze farmers and other agricultural professionals. The first episode of Talk Farm is dedicated to helping you understand these changes and mitigate negative impacts on your livelihood. James Frankland, Co-Host and Partner in our Agriculture and Estates team, is joined by Lisa Millington, Partner in Private Client. Topics include: Implications for succession planning: What are your options?What the £1m cap means in realityIs there any potential for a U-turn? How might the measures be adjusted following industry backlash?The positives: Capital Gains TaxIn increasingly turbulent times for agriculture and landed estates, Talk Farm sets out to identify the human impacts of legal and political developments, offering industry commentary and practical guidance that cuts through the noise. The show is presented by Rory Hutchings and James Frankland, both partners in HCR Law’s Agriculture and Estates team. If you’ve got a query about agricultural law, our team is always happy to help.