Farm Reorganisation

The shareholders of a farming company wish to bring it to an end and partition the land and the business between the two families who control it. 

Working with the client’s tax accountant we are able to separate the business in a tax efficient manner into two separate companies one owned by each family.  Each family retains ‘its’ capital and plant and equipment and its Basic Payment Scheme entitlement.  Reliefs against payment of Capital Gains Tax and Stamp Duty Land Tax are used keeping the tax charges to a minimum.