How to use your SSAS pension to take control of your existing pension pot, save tax and buy land

In this blog Andrew Troughton of Carver Knowles, Chartered Surveyors and Land Agents in Worcestershire explains all: Disclaimer 1 – This article is not about Pension Auto Enrollment, but looks at how farmers can use SSAS Pensions (Small Self-Administered pension Schemes) to take control of, and better use their pensions. Disclaimer 2 – We are Land… Read More

Posted on September 11th, 2015 by

Is rural development going to thrive with the new plan?

More rural development set to be approved

One of many promises made by the Conservatives during the run up to the election was to encourage rural development in order to develop the rural economy. Last week George Osbourne and Liz Truss indicated they were delivering their promise in an article in the Telegraph.They have now issued their 10 point plan so Julie Branfield,… Read More

Posted on August 21st, 2015 by

Do the changes to the new Model Clauses affect you?

The New Model Clauses for England come into force on 1st October 2015 which alter the liability for the maintenance, repair, replacement and insurance of fixed equipment between landlord and tenant where tenancies are governed by the Agricultural Holdings Act 1986. The Model Clauses apply to all agricultural tenancies governed by the AHA, save for… Read More

Posted on August 17th, 2015 by

Countryside Stewardship Scheme – The Devil is in the Detail

Following on from the launch of the Countryside Stewardship Scheme (CSS) last month we are now able to see how the application process works in terms of physical paperwork and also get to grips with some of the lesser known compulsory scheme requirements. On the face of it, the Mid-Tier application paperwork is very similar… Read More

Posted on August 13th, 2015 by

Inheritance Tax Relief for Farmers

Andrew Troughton, Director of Carver Knowles considers how the Budget announced by the Chancellor of the Exchequer on 8th July, may affect farmers and landowners. One of the main points revealed in the budget were the changes to Inheritance Tax.   The measures announced will introduce an additional nil-rate band when a residence is passed on… Read More

Posted on July 13th, 2015 by

Countryside Stewardship Scheme Update

Preserve your farm business in uncertain times

The new Countryside Stewardship Scheme (CSS) is about to be formally launched by Natural England (NE) with applications invited for the Mid and Higher Tiers between the 1st July and 30th September with agreements starting from 1st January 2016. The scheme boosts some 130 management options and 110 capital items to chose from many of which… Read More

Posted on June 23rd, 2015 by

BASIC PAYMENT SCHEME (BPS) UPDATE

Following the announcement that the Basic Payment Scheme (BPS) will now be done using paper forms rather than the Rural Payments System and that the deadline is now the 15th June, we now have a different timeline of actions that need to be taken. We have summarised the key issues and when they need to be… Read More

Posted on March 23rd, 2015 by

Countryside Productivity Scheme Open!

Farm finance

The new £5m Countryside Productivity Scheme was launched on the 9th March 2015.   The scheme offers funding for up to 40% of the capital costs of a variety of equipment and applications must be for between £2,500 – £35,000 (Small Grant) or £35,000 – £100,000 (Large Grant) of grant funding depending on the equipment… Read More

Posted on March 9th, 2015 by

Environmental Grants Update

Whilst the main Countryside Stewardship Scheme will not begin until 1st January 2016, some more targeted grants are currently in the process of being released. Applications are now invited for the following: Woodland Capital Grants – Application Window: NOW until 30th June Applications are currently invited for: Woodland Creation Woodland Management Plans (in preparation for other… Read More

Posted on February 26th, 2015 by

Have farmland values reached their peak?

Worcestershire and Gloucestershire farmland achieves sale prices well over guide.

Over the last couple of years you will have seen headlines in the press saying that farmland is a better investment than gold. Returns on land have been excellent, with prices rising by a further 12% last year, as outlined by the RICS Farmland Market Survey. Questions are being asked about how long it can be… Read More

Posted on February 16th, 2015 by