Agricultural Property

You can ask for our help on any matter including day-to-day queries regarding rights of way, drainage, the maintenance of boundaries, tenancies and grass keep agreements.
We can help you register your land with the Land Registry for the first time. As well as tidying up and confirming your title this process also offers increased protection against adverse possession claims from neighbouring landowners, travellers or others.
We can help you to review the way in which agricultural land, farm buildings, farmhouses and cottages are owned or let. These assets may be eligible for valuable tax reliefs (such as Agricultural Property Relief or Business Property Relief from Inheritance Tax). These reliefs are subject to strict conditions and, in recent years, claims for relief have come under increased scrutiny from the Revenue. This, together with huge increase in land values, makes the need for timely review and good advice even more essential. We can help with this.
We can advise you on the availability of tax reliefs and changes to the structure of your business, or the ownership of farmland and other assets, which may boost tax reliefs available and reduce or eliminate your liability to tax.
Work undertaken recently includes:
  • Advising upon succession rights and implications of Agricultural Holdings Act tenancies (AHA tenancies) and the inheritance tax issues involved to include those faced by family farming partnerships and farming companies in order to maximise the tax reliefs available.
  • Preparing transfers of farm cottages to the children of landowners as part of their long term tax planning strategy. Ensuring each transfer incorporated terms setting out the rights and responsibilities of both the child and landowner (which will be particularly important if the properties ever leave the family).
  • Considering existing tenancy and leasehold arrangements in a mixed farming business and implementing an appropriate strategy to minimise the potential inheritance tax liability by re-arranging these.