IHTM23180 | Special valuation matters: growing crops

When valuing agricultural land (IHTM24031) the VOA (IHTM23002) will

• include permanent or temporary pastures, cultivations and unexhausted manure;

but

• exclude the value of crops growing on the land

If the taxpayer has included growing crops in the value of land, and they are not covered by 100% relief or exemption, you should ask the taxpayer for details (if not already provided) of

• the kind of crops, and

• their separate value

These details should then be forwarded to the VOA.

When considering whether 100% business relief or agricultural relief is available, bear in mind that from 6 April 2026, there is a £2.5 million 100% relief allowance on the combined value of agricultural and business property (apportioned between all items of such property) and any value over that amount gets relief at 50% (see IHTM25500).