In this Issue 56 June 2025 Issue 56 includes: The farm revolution over the first Labour Budget at [1.2] The increased pressure on the Executor at [1.27] Farm succession planning post-30 October 2024 at [1.54] Research & Development still relevant to farming at [2.38] The code of conduct of agricultural tenancies at [4.2] The notice to quit, notice period and compensation at [4.3]–[4.6] Meticulous forward planning at [5.7] Furnished holiday accommodation - the way forward at [5.66] Furnished holiday accommodation - farm tourism operation at [5.68] Updated rates of CGT at [7.1] IHT Long-term residence test at [8.1A] Revised IHT exemption for spouses of mixed domicile and revised excluded property provisions at [8.3] Estate planning ahead of the restriction on business and agricultural reliefs from 6 April 2026 at [8.85]–[8.90] Treatments of PETs by long-term UK residents under the new IHT regime at Claiming input VAT on legal fees – Visual Investments Ltd – [9.26] – [9.27] DIY housebuilders claim – Brian Lawton v HMRC [2024] TC9309 at [9.122] Updated SDLT rates at [10.32] ATED rates for 2025/26 at [10.122] Updated rates of NIC at [12.21]–[12.30] Woodland Relief for IHT rises to prominence at [13.31] Heritage property conditional exemption for IHT becomes more attractive with reduction in APR and BPR at [14.2] Lifetime planning for business and agricultural property now turned on its head at [15.17] Share valuations for farm limited companies at [16.41] Impact of Agricultural Occupancy Condition (AOC) on valuations at [16.42] Leasing farmland to vineyards at [17.30] Goodwill on partnership incorporation at [17.31] LPA – the importance for farmers at [17.41] Form IHT 100 no longer in use at [19.53] Revisions to estate planning case study in the light of the forthcoming restriction on IHT reliefs at [20.1]–[20.36].