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CAAV 2024 > Flash Questions > Flashcards

Flash Questions Flashcards

1
Q

What does RNRB stand for?

A

Residence Nil Rate Band

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2
Q

When do you qualify for RNRB?

A

Death occurs on or after 06 April 2024

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3
Q

When is RNRB available?

A

Person owened their own property and their will or the intestacy rules leaves their property to certain relatives deined as ‘lineal descendents’

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4
Q

What is the RNRB Tax Free Allowance?

A

£175,000

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5
Q

what are all the following a variety of: pearl, flagon, volume and HWS Cassia?

A

Winter Barley

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6
Q

What is Simmental?

A

A breed of cattle (originating from Western Switzerland)

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7
Q

What is the name of the UKs largest farm and food standards scheme?

A

Red Tractor

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8
Q

What are the following a variety of; Anastasia, DK Cabernet, Exclaim and Excalibur?

A

Winter Oilseed Rape

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9
Q

What are Stabilsier and Wagyu?

A

Breeds of Cattle

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10
Q

Under what section is a notice served to review the rent of a FBT?

A

England and Wales - Section 10 Agricultural Tenancy Act 1995

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11
Q

How many kilograms of which elements are there in a tonne of 20-5-10 compound fertiliser?

A

200 kg Nitrogen, 50 kg Phosphate, 100 kg Potash

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12
Q

Rights of way terminology, what is a BOAT?

A

A byway open to all trafic

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13
Q

If the parties to a business tenancy wish to contract out of the right to renew provisions, which sections of the Landlord and Tenant Act 1954 will not apply to the tenancy?

A

England and Wales - Sections 24 to 28 (Part II of the Act)

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14
Q

What are the following a variety of; Fuego, Fanfare and Vertigo?

A

Spring Beans

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15
Q

What is the indivudal exemption for Capital Gains Tax

A

£12,300 (£6,150 for trusts)

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16
Q

What is the time limit for serving a notice to quit following the death of a sole tenant under the Agricultural Holdings Act 1986?

A

After the death and no later than 3 month after the personal representatives of the sole tenant have served written notice of the landlord death.

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17
Q

What are Mules and Cheviots?

A

Breed of sheep

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18
Q

How does a landlord or terminate a 3 year fixed term FBT?

A

At least 12 months notice of intention to terminate must be given before the term date

19
Q

What is the full time of ‘The RICS Red Book’?

A

RICS Valuation, Global Standards 2020

20
Q

What does NPPF stand for?

A

National Planning Policy Framework

21
Q

What are landcare, Large White and Gloucter Old Spot?

A

Breeds of pigs

22
Q

What was the deadline date for transferring BSC entitlements in 2019?

A

17 May 2019

23
Q

Which 1990 legal case established the etent of the land that damage or injurious affection should be assessed on followig tbe laying of water pipes across agricultural land?

A

St Johns Colleage Exford v Thames Water Authority

24
Q

What is personal allowance for income tax in 2024?

A

£12,570

25
Q

What does Section 5 of the Land Compensation Act 1961 set out?

A

The six basic rules of valaution, the first four of which concern market value

26
Q

What are the available percentage of APR relief?

A

50% and 100%

27
Q

What section of the AHA 86 governs tenant fixtures?

A

Section 10 of the 1986 Act

28
Q

Planning; What dies initials of LDF stand for?

A

Local Development Framework

29
Q

What does a definitive map show?

A

Public Rights of Way

30
Q

What is a decidous tree?

A

One that loses its leaves in the Autumn

31
Q

How long is an EPC valid for?

A

10 years

32
Q

What are Skyfall, Graham and Revelation varieties of?

A

Winter Wheat

33
Q

What particular grass weed in cereals would you treat with avadex, liberator or Atlantis?

A

Black-grass

34
Q

What determined Council Tax Band

A

Value of the property you live in at a specific point - on the 01 April 1991

35
Q

What is a beltex?

A

A commercial breed of sheep

36
Q

Which section defines the amount of rent payable under ATA 1995

A

Section 13

37
Q

What is disregarded under an ATA 1995 RR

A

Tenants improvements, occupation by the tenant, not fix the rent at a lower about by reason of a dilapidation

38
Q

Name four new tenant liabilities to Repair under the new model clauses?

A

Reparing space and water heating system
reparing garden and yard doors
repairing fixed equipment
repairing insulation and water pipes
reparing livestock handling system and sheep dips
reparing radon pumps

39
Q

Why would a Landlord want to offer an AHA tenant a fixed term FBT?

A

Would benefit of 100% APR rather than 50% on the agricultural value of the property. FBT provides certainty for estate planning and remove any succession prospects.

40
Q

What are the types of charging fees?

A

Commission
Hourly
Fixed Fee
Scale Fee

41
Q

Two exmaples of your clients money which could be held in the business client account?

A

Rents/Licence Fees
Auction sale proceeds
Tenants deposits

42
Q

What is uncultivated land?

A

Land which is subject to physical or chemical cultivations in the last 15 years

43
Q

Under what legisaltion can the removal of a hedge be considered a criminal offence?

A

The hedgrow regulations 1997

CAAV 2024 (1 decks)

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