The renting for a small fee is likely to get caught, but the turbine or advertising boards could be used. A discretionary trust would be needed - private schools often have 'trustee's days' for a reason!
To my mind this would be a very dangerous path to tread, it looks like a way of reducing the parents tax bill which of course it is. I doubt any accountant would put their name to such a scheme.
Send him to the local school. Problem solved.
Bow Wow
Are you in a LLC / LTD company? Or sole trader
Can I ask how the money is introduced into the trust from the business.?.
In our case it comes from shares in our ltd company. You can also Chanel money into discretionary trusts from grandparents ,useful if they are still partners in the farming business. I think the important part of discretionary trusts is that you cannot give it yourself direct to your children , it has to be a step more removed. You definitely need professional advice on this, our ex accountant mucked it up the first year we did this!
Accoring to my accountant and HMRC the tax rate on a discretionary trust is 45%. just paid the tax on wifes doscretionary trust so have a good idea. The higher rate is the downside to taking the assets outside of CGT.
Ground leases are operating a land rental business.