Farming Law Blog

What happens to my share in the family farming business partnership when I die?

• Posted2022-02-16 00:00
• AuthorMatt Rowley

Traditionally, farming businesses have relied on a legal structure of family farming partnerships, often without formal written partnership agreements in place. In this case provisions of the Partnership Act 1890 would apply but this Act is unable to...

Fantastic client feedback for Katie Daniel

• Posted2021-11-16 00:00
• AuthorPeter Mills

Over 75% of our instructions are from returning clients or those personally recommended to us by previous clients. So it is really important that we take client service very seriously. When we complete a matter for a client, we always ask for...

The farmer 'lump sum exit scheme' needs to be considered with care

• Posted2021-10-20 00:00
• AuthorPhilip Nelson

It is a well-known ‘fact’ that farmers never retire; there is always far too much to do to have that luxury. Many farmers we deal with are keen to pass the farm and business on to whichever member of the family is most willing, whilst keeping...

Inheritance Tax (IHT) is primarily a charge on your assets on death, including your share of assets jointly held with another person. However, lifetime gifts made within seven years prior to your death can also be brought back into charge. IHT is also...

Potential impact of Assured Agricultural Occupancy on diversification plans

• Posted2021-05-27 00:00
• AuthorPaul Burkinshaw

If a farmer decides that the new income will come from upgrading farm workers cottages for use as B&Bs or holiday cottages, or to demolish them to make way for something new, this can create significant issues unless proper consideration and planning is...