- Location
- Near Colchester
Tenanted assets only qualify for half relief I believe. I am not an accountant though.Dont think current tax regime will affect their tax planning, be different if UK starts taxing UK assets held offshore.
Tenanted assets only qualify for half relief I believe. I am not an accountant though.Dont think current tax regime will affect their tax planning, be different if UK starts taxing UK assets held offshore.
Tenanted assets only qualify for half relief I believe. I am not an accountant though.
All the land destined for housing is registered to Bathurts Trust PTC Ltd in Bermuda (1800ac according to Private Eye). Zero Capital Gains to be paidbig into tax avoidance estate was reportedly offshored when Maggie gave the wealthy a window in which to offshore tax free.
And by all accounts a really nice chap, ex army, never met him but have a friend who is very friendly with the Lords 1st wife who knows him well.All now "owned" by a fella in his 30's.
I was at College with the Earl and he did a wonderful guided tour of the estate a few years ago as a reunion for those student contemporaries from Wye back in the late 70s and early 80's. This opened my eyes to some of the troubles a landed estate has compared with mere owner occupiers and tenants like me.
With the current tax regime I would think that I would be buying back tenancies if I had any. The Estate also owns a great deal of the town if I recall including the College which the current Earl didn't attend as his father wanted him to go elsewhere.
This one?
the stuff about houses, who cares, I know very few farmers who would ignore that opportunity and don’t begrudge anyone who does it, fair play.
Googling him I found this which reinforces that opinion.Yes, I wish that I was as hard up as him! (that’s what I tell my similarly landed landlord).
But your right, it’s not all easy.
Assuming you are talking iht if asset is held offshore it is irrelevant.Tenanted assets only qualify for half relief I believe. I am not an accountant though.
Does that mean they have put in a big order of Kubota's?Yes, big outfit. Not flavor of the month to most after they put in for 2,500 houses that'll decimate what was a once lovely market town. A lot of tenanted farms been taken back in hand, assuming tenancy's been bought out (3 gen tenancy) Kemble was bought (ironic as his father sold that lot off years ago)
They're a bit Marmite really, you either like them or you dont.
They do have some nice toys and pretty much keep Lister Wilder going but then a lot of acres to cover.