Posts By: Gebbie & Wilson
Figures Reveal Rise in Agricultural Rent Prices
Recent figures from Scotland’s Chief Statistician have revealed a 13% rise in the average cost of renting agricultural land from 2012 to 2013. The latest figures on Tenanted Agricultural Land in Scotland show that average rent for land was £38 per hectare in 2013, compared to £33 per hectare the previous year. Average rent for… Read more »
More estates hit inheritance tax threshold
A recent study has revealed that amongst the world’s major economies, European countries tend to impose the highest rates of inheritance tax. The study also shows that the countries with the highest rates of inheritance tax overall are the UK and Ireland. The report, by international accountancy network UHY, quotes the example of an individual… Read more »
Scottish farm incomes fall
The average income of Scottish farm businesses fell by 34% to £30,000 in the 2012 accounting year compared to the previous 12 months, according to new figures. The figures, released this week by Scotland’s Chief Statistician, examine a number of financial indicators for the 2012 crop year, which suffered from poor growing and harvesting conditions…. Read more »
Call for change to perception of later life
A recent survey by Age Scotland has found that 82% of the Scots surveyed would like society to change its view of later life and leave behind the negative stereotypes associated with growing older. The research found that 77% of Scottish adults are looking forward to living longer. Around 74% said diet was the most… Read more »
Farmland prices in Scotland remain steady
Farmland prices in Scotland remained steady for the second half of 2013, matching reported prices for the same period in 2012, according to the latest RICS/RAU Rural Land Market Survey. During the second half of last year, the average cost of farmland continued at £3,750 per acre across Scotland, consistent with 2012. The cost of… Read more »