General Knowledge

Question 1

Rebuild costs -
New build residential (+3 bedrooms)

Answer 1

£1,800m/2

Question 2

What is the importance of 31st March 1982 in British tax law?

Answer 2

Capital Gains Tax Valuation date for properties owned at this date

Question 3

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

Answer 3

Spring Beans

Question 4

Rebuild costs -
Conversion into residential

Answer 4

£2,900/m2

Question 5

What is a “Plough Pan”?

Answer 5

• Another name for a plough share
• A dish-shaped wire brush used for cleaning a plough after use
• The layer of compacted soil created at the depth of a plough share

Question 6

What does the acronym SINC stand for?

Answer 6

Site Important for Nature Conservation

Question 7

Who is the Minister of State for Agriculture Fisheries and Food?

Answer 7

Mark Spencer
(Appointed 7th Sept 22)

Question 8

What section of the AHA 1986 govens fixtures?

Answer 8

s10

Question 9

What is the inheritance tax nil rate band?

Answer 9

£325,000

Question 10

Rebuild costs -
Grain store

Answer 10

£250/m2

Question 11

Rebuild costs - General purpose Steel Portal Frame / Livestock Building

Answer 11

£115 - £120/m2

Question 12

What do you need if removing a Hedgerow?

Answer 12

Hedgerow Removal Notice
- Environment Act 1995
- The Hedgrows Regualtions 1997

Question 13

When can you not cut Hedges?

Answer 13

1st March - 1st September
(Unless applied for a derogation)

Question 14

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

Answer 14

The six basic rules of valuation - the first four which concern market value.

Question 15

When can you coppice a Hedge?

Answer 15

Between 30th September & 31st March (whilst still dormant)

Question 16

What is an individual’s annual exemption amount for Capital Gains Tax purposes?

Answer 16

£12,300

Question 17

What is a deciduous tree?

Answer 17

One that loses it leaves in Autumn/Winter

Question 18

What is the Inheritance tax Residence Nil Rate Band?

Answer 18

£175,000

Question 19

What is the standard Personal Allowance for Income Tax?

Answer 19

£12,570

Question 20

What is the National Living Wage?

Answer 20

£9.50/hr

Question 21

What does AIPZ stand for?

Answer 21

Avian Influenza Prevention Zone

Question 22

What does APHA stand for?

Answer 22

Animal & Plant Health Agency

Question 23

What legislation is 25 years old and currently under review?

Answer 23

Arbitration Act 1996

Question 24

What is Proprietary Estoppel?

Answer 24

Promise
Reliance on that promise
Acting to their detriment

Question 25

When can a possessory title be upgraded to a title absolute?

Answer 25

After 12 years

Question 26

4 Quater Days

Answer 26

25th March (Lady Day)
24th June (Midsummer Day)
29th September (Michaelmas Day)
25th December (Christmas Day)

Question 27

What is the SDLT nil threshold for first-time buyers?

Answer 27

£425,000

Question 28

What are the new SDLT rates?

Answer 28

0% upto £250,000
5% upto £675,000
10% upto £575,000
12% on the remaining

2nd Homes & Buy-to-lets = 3% upto £250,000

Question 29

Winter Wheat Yield

Answer 29

8.6t/ha (3.5t/ac)

Question 30

Winter Barley Yield

Answer 30

7.3t/ha (3.00t/ac)

Question 31

What are the main 3 Green Houses in Agriculture?

Answer 31

• Carbon Dioxide
• Methan
• Nitrous Oxide

Question 32

How can you reduce emissions?

Answer 32

• Cover Crops
• Entering Agri-environment schemes
• Use of less artificial fertilisers
• Soil tests
• Nutrient management plan
• Minimising cultivations (min/zero till)
• Reducing grain drying requirements
• Renewable energy
• Maximise natural capital on farm
• Carbon footprint exercise

Question 33

Wayleave

Answer 33

• Linked to owner/occupier of the property
• Terminable
• Usually, annual payments
• Does not automatically transfer to new owner/occupier

Question 34

Easement

Answer 34

• Attached to land
• Created by deed
• Considered to last in perpetuity
• Lump sum payment