IHTM24300 - Environmental Management Agreements: Introduction
Since 2020 the government has in England been replacing the previous forms of financial assistance to farmers provided under the EU Common Agricultural Policy with various environmental land management schemes. The purpose of these schemes is to support farming while also delivering public goods and making a significant contribution to the environment. Similar initiatives are being developed in Scotland, Wales and Northern Ireland. Collectively these are referred to as Environmental Management Agreements.
Some elements of the environmental management (EM) ageements still permit agricultural operations but in other cases it may not be possible for farming to continue or be allowed to continue. Concerns were raised that some land and property previously occupied for the purposes of agriculture would no longer be eligible for agricultural relief if it entered an EM agreement. To avoid agricultural relief potentially acting as a barrier to desired land use change it was agreed that agricultural relief would be extended to land, and property, used under a qualifying EM agreement.
FA25/S61 introduced a new IHTA84/S124C (replacing an earlier S124C 바카라 사이트“ see IHTM24065) extending agricultural relief to land subject to an EM agreement. It applies to deaths and other transfers of value, including lifetime gifts and charges on relevant property trusts, on or after 6 April 2025.