Successful application to HMRC secures IHT savings for significant family assets.
Assets in the first to die’s estate, comprised of property and land held within a farming partnership. There were some inconsistencies between the partnership agreement, the property ownership and the will. There were also two children and it was important to balance the needs of the farming and the non-farming child.
The client (P) died owning a farm on which a mixture of business activities were being carried out.
The client (K) died owning a 75% share of some farmland extending to around 230 acres which was used for agricultural purposes.
The client owns a number of residential properties located on its farm.
The client owns farmland and was proposing to purchase additional parcels of land to be used for the purposes for a significant development.
Our investment company client owns a large area of farmland.
Thomson Snell & Passmore is proud to have acted for Watts Farms for many years.
We recently acted for the wife of a deceased who died in 2012. His last will was signed shortly before his death, and left his entire estate to his wife, our client. The executors of the deceased’s estate were our client, their son and a close family friend.
Thomson Snell & Passmore handle all agricultural and commercial property matters for major landowner
Thomson Snell & Passmore acts for major estate in the East Midlands and major part of a village in the South East, acquired over several hundred years.
Thomson Snell & Passmore advise on the protection from mining rights in potential development on farmland
Sue Lister acted for a client who purchased neighbouring farmland but wanted to protect themselves from any development that might take place on that land, in particular mining rights.
Sue Lister acted in the sale of a substantial area of land bordering the tidal Medway at Rochester.
Penny Edgar acted for a local farmer on their acquisition of land for, amongst other uses, their duck rearing business and potentially setting up a local shoot.
Penny Edgar acted for a couple buying their first farm which consisted of a large area of arable land.
The Commercial Property and Private Client team work together on the refinancing of a farming partnership in which the majority of the land to be charged was unregistered and had devolved by deeds of gift and testamentary disposition to the current partners.
Mark advised the beneficiary of a Life Interest Trust created by her late husband’s Will. Mark prepared a Deed of Variation providing for her life interest in the farmland to pass to her children. The Deed was drafted to maximise and secure the Agricultural Relief currently available, in case the land ceases to qualify for the relief by the time of the beneficiary’s death.
Thomson Snell & Passmore were asked to take over the purchase of a building and land in a rural community for a housing association from another firm who were not acting as the client wanted.
Thomson Snell & Passmore were instructed by existing clients on the purchase of a large proportion of a tenanted farm in East Sussex.
Gilbert Green was contacted by local agents to advise their farming client on an old option that had been granted several years ago to a local housebuilder.
Thomson Snell & Passmore were instructed via land agents to help resolve an issue with the surrender part of an Agricultural Holdings Act 1986 (AHA) tenancy agreement of land in an estate, and a sub-tenancy (FBT) under the Agricultural Tenancies Act 1995.
The commercial property team at Thomson Snell & Passmore has recently assisted a young farming couple with a move from one county to East Sussex.
We have since advised the partnership in the purchase of a large part of an estate adjacent to its existing farms over which the partnership had old and new tenancy agreements
Thomsons Snell & Passmore are acting for a client in granting an option for lease over a wind farm on the client’s farmland.
We have acted for a longstanding individual client in connection with a recent business venture - the purchase of the entire share capital in a private family company involved in organic farming
TSP’s multi-disciplinary team were able to provide a seamless, expert and sensitive service to a farming family with a farming company and a mixture of residential and agricultural property.
Sue Lister took the time to explain to our clients all of the issues raised by the sale of their family farm. This personal approach ensured the sale went through as quickly and smoothly as possible. Our clients were delighted.
Our multi-disciplinary team worked with a farming partnership to transfer its assets to a new limited company in order to save tax. Our expertise and experience ensured the success of the deal.
Advice on Intellectual Property licensing issues related to insolvency
Our client, the farmer, was looking to make two key changes to his farm. He wanted to build over part of the land to create a solar farm and sell off another part of the farm for development.
Our client, a family farming company, owned land on the edge of a town earmarked for possible expansion. We were called in by the company’s land agents to advise on terms proposed by a national housebuilder for an option to acquire the land, involving long term promotion through the plan process.
Our client, a family trust, needed to sell their farmland as a way to generate much needed income for the beneficiaries. We helped the trust to negotiate the sale of former farmland to a national house builder for residential development.
This client story involves one of our longstanding clients; a Trust of which Gilbert Green is a Trustee. Our client was able to gain from our knowledge of them, the site and our experience in negotiating planning agreements and dealing with national house builders.
We acted for two farming families with adjoining holdings in the negotiation and exchange of a long term option to a national house builder to promote the joint site for residential development.
We have recently helped a young couple who have taken over the farming business set up many years ago by the husband’s family in East Sussex.
A farmer acting in person has successively persuaded the Court of Appeal to set aside an order of the Commercial Court made against him which granted permission to enforce an arbitration award under 66 of the Arbitration Act 1996.
Our client sells plant-based products online to both consumers and other businesses.
This case study demonstrates the expertise of our Personal Injury team who recently recovered £7,500 in a personal injury claim for Mrs X who was a pedestrian hit by a car.