BPS 2020

Posted by on Mar 10, 2020 in Farming | Comments Off on BPS 2020

Basic Payment Scheme 2020 The 2020 BPS scheme opens for online applications on 12th March with a claim deadline of 15th May.  The scheme is primarily online and paper forms will only be sent on request. DEFRA have confirmed that the current system will remain in place for this year with payment cuts from 2021. Thereafter payments will continue to fall, on a trajectory still to be agreed, to zero in 2028.  The overall budget has been guaranteed for the duration of this Parliament. A new environment scheme, ELMS, as well as productivity initiatives, will be phased in with the large scale roll...

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Permitted Development Rights

Posted by on Mar 20, 2018 in Professional Services, Uncategorised | Comments Off on Permitted Development Rights

On the 12th March the housing minister announced further changes to the Permitted Development Rights (PDR) that affect farmers.   Under the current Part Q regulations the conversion of agricultural buildings to residential is limited to a maximum of 3 units and a cumulative total of 465sqm. From 6 April 2018 this will be relaxed to allow up to 5 units to be built. There can be no more than 3 larger homes, as under the old rules, with any additional properties being no larger than 100 sqm.   Permitted Development Rights for new agricultural buildings are currently limited to 465sqm...

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Changes to Probate Fees

Posted by on Mar 27, 2017 in Probate, Professional Services, Tax | Comments Off on Changes to Probate Fees

Probate fees are due to rise in May 2017. Following a consultation in 2016, significant increases in the fees payable for a grant of probate are due in May this year.  Currently the system requires a flat fee to be paid, which is, if carried out through a solicitor, £155 and if not, the fee is £215.  This will change in May to a banded fee, relative to the value of assets and the estate.  A table below shows the potential costs and significant potential increase, which could have implications on families, assets held and businesses involved within the probate. Value of Estate (before...

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Business Resilience and Succession Planning Seminar Case study

Posted by on Mar 10, 2017 in Uncategorised | Comments Off on Business Resilience and Succession Planning Seminar Case study

Jim and Jane (both in their mid 70’s) live at Home Farm, on the edge of the village, where they have just celebrated their 50th harvest. They have 3 children in their 40’s, Keith, Katherine and Karl.  Keith and Katherine each have 2 children, Lance (10 yo) and Lauren (8 yo), and Mark (19 yo) and Mary (17 yo) respectively. Home Farm includes 500 acres, of which 450 acres are in arable cropping and the remainder is woodland and rough that supports a small family shoot. The land is farmed in hand by Jim and Jane in partnership and they have one employee, Neil. Neil is 64 years old and looking...

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Development prospects

Posted by on Jan 12, 2017 in Uncategorised | Comments Off on Development prospects

Whatever you might think of immigration it is clear that housing demand is growing and this part of East Anglia feels the pressure more than most. Edge Analytics produced a report in May 2015 that suggested Essex needs to build 190,000 new houses between 2012 and 2037. These figures, together with other evidence, are being processed by the various District Councils for incorporation into the emerging Local Plans. Many local authorities are rushing to get an adopted Local Plan in place following the Government’s announcement in October 2015 that ‘if councils fail to produce and bring into...

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