If a business put a shed up or bought land would the shed and the land then belong to the business?

[Goweresque]

What partnership?

It appears that for years there was only one partner.

Without being appraised of all the relevant facts it's all just pointless speculation that isn't going to resolve anything.

The people involved will have to consult a solicitor.

My bad, I thought he'd been a partner for the full time the 50 acres was being purchased, but on re reading he's only been a partner for a few years.

 

[Dry Rot]

That's certainly the case in Scotland. Don't know about England.

With the exception of crofts and cottars where the rent is for the bare land and the incomer pays for the departing tenants improvements, i.e. buildings, fences, etc..

 

[dannewhouse]

if the business owned the land and the buildings you partner has a 51% share in the business so owns 51% or the 50 acre and buildings (unless written in the accounts every year different to this)

when his mother died who did she leave her 49% share of the business to? just because he had 51% does no mean he gets her 49% unless she gave it to him in her will.

regardless of when he became a partner if he bought his way/inherited his way into the business and the accounts show he owns 51% of the business that's that. (I imagine he didn't buy his way into a business owning 50 acre of land as 50 acre x 5000/acre = 250,000 51% would be like 126,000 so his only claim for getting his 51% share would be inheritance)

 

[D.S.S18]

its an intresting thred,
my partner currently farms in partnership with her grandparents, she manages the business on their behalf, living on the farm, taking a living etc everything is currently owned by the business apart from a holiday cottage in town and the land upon which the business is farmed.
her grandparents own the land and use it wihin the business.

we all know what is going on, upon the death of 1 of the grandparents, the other increases their share, upon death of both sets, my partner will inherit the business, and her mum and aunty the land - with the clause she can farm it aslong as she so wishes.


all sealed and above board apparently!

 

[Fallowfield]

its an intresting thred,
my partner currently farms in partnership with her grandparents, she manages the business on their behalf, living on the farm, taking a living etc everything is currently owned by the business apart from a holiday cottage in town and the land upon which the business is farmed.
her grandparents own the land and use it wihin the business.

we all know what is going on, upon the death of 1 of the grandparents, the other increases their share, upon death of both sets, my partner will inherit the business, and her mum and aunty the land - with the clause she can farm it aslong as she so wishes.


all sealed and above board apparently!

Is there anything to stop the grandparents changing their minds and leaving it all to the RSPB?

 

[Osca]

Is there anything to stop the grandparents changing their minds and leaving it all to the RSPB?

Common sense?

 

[Little squeak]

the thing about common sense, it just isn't that common. Several times I have seen Grandfather remarry after being berieved and who can blame him