How to…. Start a farm succession plan

Farm succession

Land Agent’s, solicitors and accountants are all guilty of highlighting the importance of succession planning by regaling horror stories and anecdotes of what can happen if it all goes wrong. Less frequently do we outline the starting points for a successful succession plan and the documents that are useful and the key areas that need… Read More

Posted on January 6th, 2017 by

How to – Start a farm succession plan

farm business succession

Land Agent’s, solicitors and accountants are all guilty of highlighting the importance of succession planning by regaling horror stories and anecdotes of what can happen if it all goes wrong. Less frequently do we outline the starting points for a successful succession plan and the documents that are useful and the key areas that need… Read More

Posted on December 12th, 2016 by

CGT – How do I find my property’s 1982 value?

CGT - value

  Capital Gains Tax is due on the increase in the value of an asset when you dispose of that asset from when it was purchased or from 1982, whichever is the most recent. For example if you bought your property in 2000 for £450,000 and then sold it in 2016 for £600,000 you would… Read More

Posted on October 13th, 2016 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

Do I need a valuation of my property?

Farmland valuation

Every property owner in the UK will require a valuation of their assets from time to time for a variety of reasons, not just when they are thinking about selling. Property valuations are a huge part of the work we undertake and form a major part of our training and qualifications, therefore it is always… Read More

Posted on March 17th, 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

How to reduce Capital Gains Tax on farmland: Entrepreneurs Relief

Worcestershire and Gloucestershire farmland achieves sale prices well over guide.

Whilst definitely not being tax experts, we are frequently asked by farmers and landowners where to start with Capital Gain Tax when selling property. Capital gains tax (CGT) is paid on gains arising from the growth in value of property. Typically tax is paid on the difference between the base value (either when it was… Read More

Posted on December 22nd, 2014 by