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FC Wales smooths passage to important woodland

With its fascinating historical features, enchanting scenery and strong links to the end of the last major ice age, i Parkwood on the Gower is a popular tourist location. Forestry Commission Wales has stepped in to ensure a smoother passage into this environmental jewel after the Welsh Government woodland became the victim of its own alluring beauty. The road allowing access to the site of special scientific interest (SSSI) was showing signs of serious wear and tear, with badly pot-holed areas testifying to Parkwood’s popularity.

 
Saffery Champness comment on CAP Reform announcement

Commenting on the announcement on CAP Reform by EU Farm Minister, Dacian Ciolos, Andrew Arnott, a partner of  Saffery Champness Landed Estates & Rural Business Group says: “There was not much in the announcement that had not already been leaked. However, it confirms the intention to distribute subsidies more evenly by way of a cap on payments to farmers at 300,000 euros (£261,240) per year.  A progressive levy, to be applied on all payments exceeding 150,000 euros (£130,620), was also announced as a proposal. Assuming that the proposals will be approved by both the EU parliament and all member states, this will be bad news for many large arable farmers and some medium scale farming businesses, including those in the uplands.It remains to be seen whether the ‘sustainable and inclusive growth’ for European agriculture can really be achieved through these proposals.  I think they could, as they stand, have the opposite effect, acting as a disincentive to invest for farm businesses that are highly-mechanised with lower staffing levels”.

 
Leaked proposals for the reform of CAP entitlements

News has recently been leaked from the European Commission that farmers who claim more than €150,000 from the direct support element of the CAP (Pillar1), will see their entitlement payments progressively capped.  Commenting on the leaked proposals Mike Harrison, a partner of Saffery Champness Landed Estates & Rural Business Group, says: “There is a strongly worded proposal for progressive cuts in the entitlement payments above €150,000 ( £127,000) with a cap of €300,000 (£255,000)”.   Whilst the new regulations will apparently incorporate an allowance which reflects the farm’s wages bill, which is welcome news and should mean that both larger and smaller farms are treated equally, there will be a discrimination for those using external contractors

 

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Land Gazette
Mansion Tax 'fraught with anomalies' say leading advisors PDF Print E-mail
Written by Ian Hayes   
Tuesday, 31 January 2012 17:41

 

Leading rural advisors Saffery Champness, chartered accountants, and Smiths Gore, land agents and chartered surveyors, have said that the proposal for a ‘Mansion Tax’ is fraught with anomalies. The new property tax which the Liberal Democrats are pressing to be included in the Chancellor’s Budget on 21 March would, it has been suggested, be levied at a rate of 1 per cent on properties valued above £2 million.

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31st January Tax Return Deadline PDF Print E-mail
Written by Ian Hayes   
Saturday, 21 January 2012 18:51

  Time running out to file accounts, says Saffery Champness

 Saffery Champness is reminding landowners, farmers and rural businesses that the new tax penalties for self-assessment returns are now in force for late filing of self-assessment tax returns. Mike Harrison, a partner of Saffery Champness Landed Estates and Rural Business Group, says: “The deadline for taxpayers registered for Self-Assessment to file on paper for the 2010/2011 tax year expired on the 31st of October, but they can still file on-line up to midnight on the 31st of January 2012”.

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5-year growth of UK farmland should outperform alternatives PDF Print E-mail
Written by Colin Thomson   
Monday, 02 January 2012 11:14

 Farmland values - 5 per cent growth predicted in 2012

The capital value growth of UK farmland is forecast to outperform many commodities markets, residential property, UK gilts and West End offices, according to Savills rural research who expects the average value of farmland in the five years from 2012 to increase by 36%.  More immediately we are predicting average growth of 5% in 2012.  This forecast growth follows a substantial rise in average farmland values over the past five years (138%) which was significantly greater than that recorded for either residential or commercial property or equities.

Last Updated on Monday, 02 January 2012 11:20
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Sale of £5 million Shropshire farm business PDF Print E-mail
Written by Ian Hayes   
Tuesday, 13 December 2011 09:25

 Havenills & Brockton Farm-  sold as a business

The lawyer behind the £5m sale of Shropshire farming business Havenhills and Brockton Farms has said the deal ‘magnifies’ the county’s farming credentials. Rural affairs specialist Sarah Baugh, the central legal figure behind one of Shropshire’s largest commercial land sales, believes the deal on the 613-acre farm will put Shropshire’s widely-admired agricultural pedigree firmly in the spotlight.

Last Updated on Tuesday, 13 December 2011 09:30
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Use New Year break to consider succession issues, says Saffery Champness PDF Print E-mail
Written by Ian Hayes   
Monday, 02 January 2012 10:52

Mike Harrison - Saffery Champness

UK top 20 accountancy firm Saffery Champness says that as succession remains a major concern for owners of estates, historic properties and other land based businesses, and will continue to be so, Christmas and the New Year break provide a good opportunity for families to set time aside to discuss this vital issue and its wider implications. The succession of landed estates and heritage properties has long been an over-riding concern, according to the Saffery Champness Landed Estates and Rural Business Group.  Succession planning is often at the top of the agenda at meetings with trustees and owners of properties who are concerned that the next generation is well placed and prepared to take forward what have often become increasingly complex businesses.

Last Updated on Monday, 02 January 2012 11:00
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Scottish landowners cautiously welcome Spending Review PDF Print E-mail
Written by Ian Hayes   
Saturday, 10 December 2011 09:29

The Scottish Government’s recent capital spending review has been given a cautious welcome by landowner membership organisation Scottish Land & Estates. Head of Policy at Scottish Land & Estates Sarah-Jane Laing commented: “It is encouraging to see that the Scottish Government is looking to achieve maximum value for taxpayers’ money through the capital spending review, particularly in relation to the delivery of affordable housing . 

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