From April 2026, changes to Inheritance Tax (IHT) relief means a tax of 20% will apply to agricultural assets over £1 million. Anything above the £1 million threshold will face increased scrutiny from HMRC. 

This makes accurate, market based valuations of farming assets more important than ever. It’s no longer enough to rely on book values, outdated figures or trading accounts. A full “lock, stock and barrel” valuation including land, buildings, machinery, and livestock ensures you have clear evidence to support any claim and helps to avoid costly disputes or delays. 

At Kivells, we specialise in providing RICS Red Book compliant valuations tailored to agricultural businesses, and have for decades sold and valued freehold property. In addition, running three livestock markets, multiple monthly machinery sales and a vast private treaty division, our experienced team can provide valuations of livestock, fodder, and machinery. Our experts understand the complexities of farming estates and work closely with accountants and solicitors to prepare valuations that stand up to HMRC’s increased scrutiny. By combining professional valuation expertise with auctioneering knowledge, we act as a one stop shop for all valuation and tax planning needs. 

With the IHT changes approaching, now is the time to review your assets and plan ahead. Whether for tax planning, probate, or succession, Kivells can give you the clarity and confidence you need. 

Contact our professional team today to arrange a valuation.