Thansk everyone.
to clear up some confusion there are two rounds of siblings. The sale is being forced now so Uncle / Aunt can be paid out by the in laws, so partner's parents can carry on farming in the life they have been used to. We are happy with this as we can support their slowing down...
Hello again - hoping to tap into the fountain of knowledge here...
my partner and I have been given the oppurtunity to purchase some of the farm from the inlaws at a reduced value.
the cash is needed to help pay their siblings out.
we are treating it as helping to buy some inheritance early...
thanks everyone - great advice.
there isnt much near by at the moment, hence the thoughs behind it.
due to the lay out and possible uses some sort of conferance / wedding / gathering set up is what we were thinking but its early days yet.
the fall back woudl be residential use, access isnt...
Hello fellow farmers,
we have been offered a great oppurtunity to buy some land next door. the dirt is pretty good and it woudl be a great bolt on to ours.
it does however come with a big old farm house and a load of out buildings, some pretty, some old ag shed, set back form the house.
We...
Having a bit of a change around, looking for one man that can do it all, weekly meetings but left to get on with it sort of thing. need old enough for experinace but young enough to want to 'make the place their own' as it where.
I know - big ask...
Morning All,
Our main operator / farm manager has left, a little more suddern than we expected, but it was always talked about.
we now have the task of recruiting, we feel its a good all round job with a decent 4 bed house but looking out there, lots of jobs being advertise but very few...
Morning Ladies and Gents,
https://www.bobgreenbuildings.co.uk/
We are looking at a new livestock shed and have been given a few names of some of the bigger players, this chap looks to be a little smaller in size though.
Yet to make contact but would welcome any feedback before i waste...
Not sure HMRC would define me as a farm worker exactly but certainly heavily involved in all that’s needed running land with associated assets 😃
I do get my nails dirty most days in one way or another though!
siblings and I receive what we both feel to be fair remuneration In various ways...
it’s not really about value, no one is looking to cash in here. It’s more about cost to live here.
If we are splitting things up a bit then it seems fair that we cast off on equal terms,
Built them their own house a few years ago suitable for full retirement. None of us will be moving from...
it’s the way this post is going I think
vat is a killer and yes, very aware of this. I have a builder lined up for such things!
the land registry would show it’s owned by a mix individuals in various guises, all family though. To date no personal money has been spent on either other than...
no problem. It’s easier to play devils advocate to enhance conversation.
The garden walls (all listed) are in the process of / have fallen down. Siblings are in better nick. I think it’s about 50-60k to fix those. They aren’t really safe as they are (one fell over last week and nearly took out...
well this is one idea but where does it stop? poiting, windows and roof, what about the top floor of mine which hasnt been touched since the 50's, where as there'e has?
as other comments have siad, there is no right or wrong answer, i just have to find a line where all siblings (and parents)...
ignore the figures, work on 1/5th of value! i have kept them vague for a reason, us yorkshire lot are a curious crowd! my salary is fair for what i do.
we both have the mentality that 'all this will ours 50:50' mentality and up and till now, the parents are promising to keep to their agreement...
indeed. I am not worried about sibling being more wealthy. We are both incredibly well of (on paper) and have many irons in the fire for a decent retirement based on 10 years of planning. my only issue is whilst I seem to pay a lot of tax I don't see much £££ in my account!! Luckily my partner...
thanks for the feedback.
No one plans to sell anything, been in the family for many years.
The valuation does reflect the current market value of the houses, yes.
My Gripe is, over the last 8 years ive been restricted in doing the place up slowly, where as my sibling wasnt concenred by...
Morning All,
i have been reading posts on here recenlty so signed up to get some wise words from the TFF foke.
I will say now - my situation is very much a 1st world problem, i appreciate how lucky i am etc but i still need to find a way through this.
We have a good sized mixed farm, parents...
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