Murray Smith has acted for many of the farmers in Cheshire and the surrounding counties over the past half century. This means that we have advised on numerous land sales and so you will be confident that we will provide reliable advice.
We will provide a clear and concise report on the tax consequences of the land sale. There may well be a number of complications such as the deferral of part of the proceeds or various conditions relating to the availability of planning permission. If the land sale is part of the disposal of a farming business then it may qualify for Entrepreneur’s Relief.
If you plan to invest the proceeds in a farming or other commercial business we will help you to structure everything so that you get best tax treatment.
Alternatively, our financial services team could help you to select a tax efficient investment product.
We can also help you to protect your investment from Inheritance Tax using the various reliefs available.