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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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Home Legal update NI landowners hit by tax ruling
NI landowners hit by tax ruling PDF Print E-mail
Written by Alistair Macgregor   
Thursday, 16 July 2009 09:44

Campaign: Sammy Wilson 

Farmers in Northern Ireland face the break up of small farms and land values driven down. NI finance minister Sammy Wilson warns that a controversial House of Lords tax ruling could leave thousands of acres of farmland liable to massive unforeseen taxes.

The ruling affects land let under the Irish system of ‘conacre’, an informal system of letting land which is unique to Ireland. A third of farms in Northern Ireland use it.

The plot of land that was the subject of an appeal in the House of Lords was being farmed under a conacre agreement and was reclassified from ‘business activity’ to ‘investment activity’ on the death of the owner. The Court of Appeal supported a claim by HM Revenue & Customs that some land let in conacre should be subject to inheritance tax. The House of Lords has now refused to hear a further appeal. Speaking to the Belfast Telegraph, Wilson said: “I am very concerned over the potential impact this court ruling may have on our local farming community — where one third of its land is let out as conacre. 

“This decision could result in thousands of acres of farmland now being liable to 40% inheritance tax. This could lead to the break-up of small farms and drive down agricultural land values. 

“I intend to continue to press the Treasury for recognition of the uniqueness of this issue for Northern Ireland and the implications for our local agriculture industry. I will work with the Ulster Farmers’ Union, and other interested groups, in seeking ways to alleviate the adverse impact of this ruling.” 


Last Updated on Thursday, 16 July 2009 09:54
 
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