Valuation of agricultural property

Elizabeth Clark and Shaun Fu

Wealth and Policy, Working Paper 145

30 Oct 2020

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This paper identifies current approaches to the valuation of agricultural property assesses how these may be applied or developed for a wealth tax. Section I provides an overview of the current agricultural landscape within the UK and current trends in ownership and value. Section II considers current valuation approaches to agricultural property for both tax and non-tax purposes. Section III considers the issue of liquidity in the context of agricultural property. Finally, this paper considers how other OECD countries have treated agricultural property for wealth tax purposes and whether these provide alternative solutions that could be relevant in the UK.

DOI: 10.47445/145
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