The purpose of this note is to assess the issues a landlord should consider before pursuing their tenant for compensation for dilapidations arising following the termination of an Agricultural Holdings Act 1986 (“1986 Act”) tenancy.
The government’s continued effort to stimulate economic growth and increase the supply of housing to meet a rising demand, has resulted in local authorities granting development rights over farmland on the edges of many towns and villages.
Agricultural news round up covering CAP greening rules, continued use of glyphosate, stewardship grants, Better Broadband Scheme, driving without reasonable consideration and the 'Yellow Wellies’ campaign.
“It does what it says on the tin”, was, when first unveiled, a welcome departure from the usual overblown product claims. What made the campaign successful was the unambiguous labelling which conveyed a succinct message. If only agreements regulating the occupation of land were equally clear; unfortunately just because an agreement is labelled a licence, does not mean it is.
It’s a well-worn cliché to describe farmers as asset rich but cash poor - but this is as much a truism as cliché, often the result of juggling generational asset growth and reinvestment with the unpredictability of commodity prices and the timing of entitlement payments.
You can hardly open the pages of the farming press without stumbling over an article about succession planning – hardly surprising given that an estimated 60% of farmers do not have a succession plan.
Farming partnerships: check your residential property purchase does not attract the 3% SDLT surcharge In April a new, higher rate of 3% stamp duty land tax was introduced for those buying a second property (or more) in an effort to curb the number of second home buyers and damp down the ‘Buy to Let’ market.
Amid the differences of opinion in the cabinet over how Brexit should be executed, our agricultural and environmental institutions are manoeuvring to secure a future for British farming which is progressive, profitable and competitive, and which importantly safeguards our environment.
There are certain assets which, when transferred, may be subject to tax relief thus reducing the amount of IHT payable, even reducing it to zero. The two most common reliefs are business property relief (“BPR”) and agricultural property relief (“APR”) and are available both for lifetime gifts and on death.
On the 9th February HS2 Ltd announced the appointment of its development partner and engineering and environment consultants for Phase 2b (the sections between Crewe and Manchester and between the West Midlands and Leeds) as CH2M, the same company appointed for Phase 1.