Landed estates

Landed estates specialist tax advisor

Landed estates are unlike any other business. There can be conflicting priorities between maximising income in the short-term, while ensuring the estate is maintained and improved for future generations. Our specialist Landed estates specialist tax advisor and accountancy team advise various types of estate owners including trustees, private families and corporate bodies, and have specialist knowledge in areas that affect historic houses such as VAT, chattels, business use proportions and loss relief.

Business and Income Tax planning

Business structure can have an impact on Income Tax planning. We can help select the most appropriate structure for your business including partnerships, companies, sole traders and trusts.

Land development and Capital Gains Tax

The Capital Gains Tax (CGT) on the sale of any development land that forms part of the estate can run into hundreds of thousands of pounds. We can suggest ways to minimise CGT and ensure you take advantage of the relevant reliefs and business structures.

Diversification

More and more frequently, estate owners look to maximise the value of their assets by considering options aside from farming and rental income. We work closely with other estate advisers such as solicitors and land agents to identify opportunities for tax-efficient diversification. We have vast experience in renewables and can advise on optimum trading structures.

Financial budgets

Landed estates can have various different enterprises and may need to keep extended family members informed. We can assist with budget preparation and present this to the family. This helps identify any cashflow problems early, as well identify cashflow surpluses that could possibly be reinvested. Budgeting is a useful and effective method of keeping everyone informed and can help manage expectations as to the estates earning capabilities.

Sports and woodlands

There are specific tax rules that apply to woodland operations and we are well-placed to give you advice and suggest efficient structures for shooting and woodland activities.

Passing on wealth

Our advice takes into account family and business structures to ensure that all available exemptions and allowances are utilised. This includes reviewing legal documents such as partnership and shareholder agreements.

We can recommend how best to minimise the impact of Inheritance Tax. We offer a range of solutions such as making lifetime gifts, claiming Agricultural Property Relief (APR) and Business Property Relief (BPR), transferring assets into trusts, life insurance cover and restructuring business ownership.

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