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Scottish country sports and tourism to meet up

Scottish landowners and tourism stakeholders will come together next month to discuss expanding country sports tourism, an industry worth over £240million per year to the Scottish economy.   The event, sponsored by Bell Ingram, will be held at Finzean, Royal Deeside, Aberdeenshire on Tuesday 15 May.  The event begins at 9.30am, opening with registration and refreshments, and will finish at around 3.00pm following an optional site visit. To register attendance please contact Joyce Karch at Scottish Land & Estates on 0131 653 5400.

 
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”.

 

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Home Rural agency Saffery Champness says HM Treasury response on Furnished Holiday Lettings consultation will inject some value into market
Saffery Champness says HM Treasury response on Furnished Holiday Lettings consultation will inject some value into market PDF Print E-mail
Written by David Lewis   
Saturday, 11 December 2010 09:57

  Andrew Arnott, Saffery Champness: value injected into holiday property

Following HM Treasury’s response to the furnished holidays lettings consultation published yesterday 9th December 2010, the Landed Estates & Rural Business Group of UK top 20 accountancy firm Saffery Champness has highlighted two key areas in that response that will be of interest to those operating within the sector.

• delaying the introduction of the revised thresholds until April 2012

• reducing uncertainty and complexity by allowing businesses which meet the revised occupancy threshold in one year to elect to be treated as having met it in the two following years, providing certain criteria are met.

Andrew Arnott, a partner in the Landed Estates & Rural Business Group at Saffery Champness, comments:

"This is great news for people who are running a business involving furnished holiday letting accommodation. It removes the considerable uncertainty that has been surrounding these businesses particularly at a time when the selling market for these properties is so difficult. This proposal should inject some value into the holiday property market. The introduction of the possibility to elect for the threshold occupancy conditions to be carried forward into the following two years once met in one year is very welcome. This will provide furnished holiday letting businesses with stability over their tax affairs and will allow them to ride over any lean years in lettings that may arise from dips in the economy or other unforeseen 'disaster years', such as those seen in recent years due to flooding or foot and mouth disease. The fact that the Government estimate that a quarter of businesses currently fall short of the revised qualification conditions means that the implementation of the new rules will still have significant effect on a large number of businesses when they do come into force.”

For further information, please contact: Andrew Arnott (Saffery Champness London): 020 7841 4000 This e-mail address is being protected from spambots. You need JavaScript enabled to view it or  Alison Robinson (Saffery Champness Harrogate ): 01423 568012  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Last Updated on Saturday, 11 December 2010 10:05
 
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