Case study

Question 1

What is a farm partnership agreement

Answer 1

It is a agreement which governs and regulates how the partnership operates , voting, contributions, withdraws, succession and votes - the partnership act 1890

Question 2

The Terms of Business

Answer 2

General terms of business sets out the terms and conditions of any work D&R undertakes

Question 3

what are terms of engagement

Answer 3

Are a written record of the agreement between the client and the firm.

Question 4

What are the clients partnership succession plans

Answer 4

The clients partnership agreement ensures that it wont dissolve due to unexpected death and it is expected that the next generation will take over in due course

Question 5

why did the client choose not to pursue environmental grants and diversification

Answer 5

My client had a personnel aversion to this type of diversification. In combination this is not an area i am familiar with and would not be able to competently give advice. If this was something he would be interested in pursuing we would have advised him of surveyors who may be able to help

Question 6

What are delinked payments

Answer 6

delinked payments are not linked to a piece of land, a landowner is eligible if they claimed and were eligible in 2023. The figure is based on the reference amount of the average last 3 years before

Question 7

what is a development claw back

Answer 7

This clawback occurs when a assets value increases from the initial sale due to further value being archived through development or a change in facts

Question 8

What is a local plan

Answer 8

A document that highlights a vision for future development in a area including housing employment shops and areas where development should be restricted.

Question 9

How does a site get allocated

Answer 9

It gets promoted through a call for sites exercise then if the council approves of its merits it gets allocated in the local development plan

Question 10

Benefits of a grazing license

Answer 10

No security of tenure
Tax advantages
More flexible

Question 11

What is Brittan energy coast

Answer 11

It is a area where the local council and national government agree on the potential of the area to meet energy demands

Question 12

IHT tax rates

Answer 12

Tax free threshold £325,000
Charged at 40% above threshold

Question 13

IHT - APR

Answer 13

In certain cases Assets that are classed as having been used for agricultural purposes can received Inheritance relief due of up to 100%

Question 14

what is a aonb

Answer 14

A area of outstanding natural beauty land under this designation is to be conserved and its natural beauty enhanced - formed by the CROW act 2000

Question 15

What is a DNO

Answer 15

A distributions network operator that own and operate electricity infrastructure in the region.

Question 16

Process around grid connection

Answer 16

The developer applies to the grid for a connection .
dno replies with a connection date depending on the level of headroom

Question 17

local plan timeframe

Answer 17

should be updated every 5 years

Question 18

Heads of Terms

Answer 18

Not contractually enforceable and are the inditication of the commercial terms the parties are willing to contract at

Question 19

When can a market appraisal be used

Answer 19

sales
purchases
some forms of arbitration

Question 20

FBT end of tenancy obligations

Answer 20

A tenant under a FBT can, on termination of the tenancy, claim compensation for physical improvements made to the agricultural holding, and for intangible advantages which increases the value of the holding - could have affected clients cash flow

Question 21

Barriers to diversification

Answer 21

lack of resources
lack of skills
planning risk
staff
tourism levels

Question 22

what is your local plan

Answer 22

The Allerdale local plan 2014-2029

Question 23

why was a letter of authority sought

Answer 23

a letter of authority is a legally binding document. It authorises a third-party intermediary to act on the landowner’s behalf. What this third party can do will be set out in the body of the letter.

only required under 50MW otherwise a NSIP

Question 24

Latest updates in the renewables sector

Answer 24

National Grid have had added requirements for grid connections

raising entry requirements to reduce the number of speculative applications and unviable projects entering the queue;

removing stalled projects to prevent delay to viable projects by releasing unutilised capacity;

better allocating available network capacity via a clear process to accelerate connections ready to connect.