Agriculture: precautionary savings taxed at 70% after a hazard and provision for higher cattle values

Article 66 of the 2025 Finance Act provides that amounts released from the precautionary savings deduction are only taxed at 70% when they fund expenses linked to a health or climate hazard or agricultural disaster, and creates a provision for increases in the value of dairy and suckler cow stocks. It also raises the agricultural land tax exemption from 20% to 30%.