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    Re: improving ground for sale purposes

    Yes land is the same price here in the south I do believe.
    I accept taxes where we are taxed once, the part that frustrates me is taxing in different 'forms/areas'. It is not so much straightforward...
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    Re: improving ground for sale purposes

    Thanks Essexpete for the link, I'd looked on the .gov site the other week to get my head around it but I think I probably just gave up reading!!
    I think I'll just accept the moral of the story is,...
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    Re: improving ground for sale purposes

    All very valid and interesting points exfarmer, mmakes complete sense to me, thanks for your input!
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    Re: improving ground for sale purposes

    Sorry to hear about your wife Jack, and I hope the struggles you seem to have had during your farming career hasn't completely made it feel like a life sentence, since you have said you are stuck...
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    Re: improving ground for sale purposes

    The inheritance tax threshold from the entire estate is 325k it would seem.....and that would be for each benefitiaries. But yes that would be set at the point of decease
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    Re: improving ground for sale purposes

    Paw do you know if it is a set percentage of the purchase price (assuming the tax is on the purchase price if deed transfer takes place before death)?
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    Re: improving ground for sale purposes

    Thanks Paw that's very interesting. It was after she died. However that's interesting for my partners side, as he and his brother have some land, but it is still in his mother's name but she wants...
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    Re: improving ground for sale purposes

    Ah, sorry for the confusion, we inherited the field 12 years ago, it was my mum's, we have not maintained it since for various reasons
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    Re: improving ground for sale purposes

    That's a really good point paw, makes sense - would be a bit of a loop hole I guess if you had a considerable increase in profit but tax remained obsolete!
    Lucky for me I have 2 very good friends in...
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    Re: improving ground for sale purposes

    Oh I missed your reply jack caley, yes, I think it may end up a good thing, I don't think we will be taxed on it...may even answer my question as to why the field wasn't sorted at the time which we...
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    Re: improving ground for sale purposes

    How about if you transfer 12 years later? Or, you sell and transfer directly to someone else's name (via the solicitor) who takes their fees before passing on the money? Any ideas?
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    Re: improving ground for sale purposes

    200 acres sounds like a fair amount! But I wouldnt know, if you are doing different things at land at different times and having to rotate current use, if that makes sense, then maybe it's not!
    It...
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    Re: improving ground for sale purposes

    I really appreciate everyone's input to this discussion by the way, it's really great to chat to the experienced!!
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    Re: improving ground for sale purposes

    Iron head, totally get where you are coming from and really good suggestion. Ultimately, because the land has such sentimental value, (hence taking so long to come to the desicion to finally sort...
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    Re: improving ground for sale purposes

    Thanks Jack Caley. Yes you are absolutely right. The farmer that owns all the fields surrounding it has said he would like to buy it, although hasn't offered a price. He has watched it over the...
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    Re: improving ground for sale purposes

    I like that saying!! It's very true!.
    I'm not too worried about what it would make financially, if i were id probably keep it for longer. I just wondered what the process would be to improve the...
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    Re: improving ground for sale purposes

    Hi zaza thanks so much for your reply.
    The land is in the countryside on flat ground surrounded by fields that are farmed. I am assuming a local farmer will buy it for grazing sheep, or, it may...
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    Re: improving ground for sale purposes

    Funnily enough Barney I was just thinking (which prompted me to check the feed) that selling as is may not actually make a huge difference in what we'd make vs the effort and cost of finding a farmer...
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    Re: improving ground for sale purposes

    Thanks for your reply skoda much appreciated. That makes complete sense. Would all the cutting be collected at the same time then so as to not leave thick layers or 'thatch' all over the field?
    If...
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    improving ground for sale purposes

    Hi, I really need some help. I am absolutely by no means experienced in farming. I own a field with my sister which we inherited. It has been left for 12 years, and has considerable marsh reeds...
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