Steevo
Member
- Location
- Gloucestershire
Indeed. But once its been farmed for a couple of years it can be let on an fbt with no tax issues. Assuming no disasters, the owners will want fbt rent as the bottom end of a five year projection. I'd say if pitching then you want to show ten percent over fbt for the owner as a starter.
Interesting comments there!!
Farmed for a couple of years brings no tax issues because it’s seen as a farming asset rather than investment…?
I’d agree with your comments about landlords wanting similar to FBT rent. Plenty of tenants seem willing to pay such figures to secure the extra land too it seems.