Video: Tax Considerations for Intergenerational Farm Transfers
Presented by Earl Pollock & Matt Holmes, Farm Life Financial
This presentation was part of Farm Transition
Appreciation Day January 12, 2021, celebrating farm transition planning at every stage and helping you and your farm team take the next step in farm
transition.
How can you plan for a tax-efficient transition to the next generation? We examine the following factors:
o How your transition plan can affect tax owing, at what rate, and when
o Strategies to reduce tax payable
o Ownership structure and agreements to provide a path to a successful transition across generations
o Options available for compensation if farm assets are not available