Serious Question Re " What farm do you want to buy with roll over money"

[Hilly]

Just have a feeling that Sporting estates or their income will be "nationalised" in the next 20? years if she gets her way.

Probably, they are total socialists and socialism leads to communism, so your gut feeling could be bang on the money ! already taxing shooting.

 

[Pieces_of_Eight]

Probably, they are total socialists and socialism leads to communism, so your gut feeling could be bang on the money ! already taxing shooting.

Crying shame, because every month there are multiple estates for sale in The Field that fit my bill exactly.

As an aside, the different game & wildlife laws in Scotland would take some getting used to.

 

[michael N123]

I don’t think I’d want to move anywhere after being on this forum tho as it sounds like I’m in the last place we’re you can do what you want and no one will notice or complain

 

[Bill the Bass]

Aberdeenshire?

Aye, we drive up to Aberdeen to visit the MIL, looks like some belting farms around there.

 

[Two Tone]

If I wanted to buy a farm with Rollover money, it would be in Lincolnshire, Norfolk, Suffolk or in the Vale of York. (The Mrs comes from that lovely part of the world and it is great farmers country!)

However, there is a rather famous author (and former farmer) called Frederick Forsyth. He once said that he wrote books to be able to keep farming. When the money ran out, he wrote another one!

My favourite book/film of his was The Fourth Protocol. He cleverly changed the Suffolk American airbase name from Bentwaters to Baywaters. The one where most of the(se) boys were all hat and no cattle!

Back on topic. I'd want to farm anywhere where whenever you get a cold, wet spring like this one has been, crops don't start going backwards! Sometimes the "Better the devil you know" syndrome, doesn't appeal!

 

[Andrew1983]

I’m happy enough where we are but could do with buying up a few extra acres to link up what we have and serious investment into buildings an concrete. New house would be nice with a decent garage, a chill and butchery for our own meat, swimming pool/gym etc.

 

[steveR]

We (my wife and kids) had a similar question to ponder last year when a Developer was sniffing around a large block of land for houses. Sadly, it was not to be.... yet

The shooters amongst us, me, daughter One and my Son fancied a nice sporting estate, but maybe not Scotland for the reasons already given here, so a nice lowland estate, maybe Dorset/Hampshire? Nice rolling hills and woodlands. Good mix of arable and grassland as we do like our suckler livestock, but needs to be big enough to employ a stockman

The balance I was allowed to spend was heading South.. a nice Portugese finca or Spanish villa with good access to mountain roads for quality motorcycling!!

The remainder disappears into kids investment portfolios....

It was a fun problem to ponder

 

[Pilatus]

Many thanks for your posts. Start doing the lottery , I think I will, as two unique farms "MAY" come on the market in a years time. ????????????????????/

 

[Gatehouse Farm]

If I had rollover money I would not buy another farm, I'd employ a really good account to tell me what to do with the money without being shafted! There's a lot more to life than farming. A old farmer I knew who died a few year ago with more money than most of us could imagine once told me that his biggest regret in life was how he treated his wife ( who died a few year before him). He told me through teary eyes that he gave her everything in life except love! That was his one big regret.
A very sad but unfortunately a true story.

 

[dstudent]

However, there is a rather famous author (and former farmer) called Frederick Forsyth.

one of my favorite authors, The day of the jackal, Dogs of war great books

He told me through teary eyes that he gave her everything in life except love! That was his one big regret.
A very sad but unfortunately a true story

That s one of the saddest things I have heard. However not uncommon some people are too busy running after money and material possesions when at the end you can t take them with you and what really matters are good memories of the one we ve loved and have loved us

 

[kiwi pom]

As above what type of farm/estate would you be looking to invest in ,sporting ,farming potential or other.

Serious question to your serious question. What's 'rollover money'?

 

[David.]

A windfall of a few million from selling land for houses.
Trouble is that there is now so much of it about in Britain, with the government sanctioned drive to fill the country with housing, that it has become a seriously devalued commodity.
Used to be a nice little touch back about 1990, when strict planning laws meant few could do it, to sell a handful of acres for a couple of million and go buy 1000 acres with it.
Now you need £10 million to do the same, and the government and local authorities are fast eroding the share that the landowner actually netts from the sale.
Rollover so called because, simply put, any capital gains tax potentially due on sale proceeds can be deferred provided money is reinvested in qualifying assets.
There is much to be said for paying the 18% CGT and doing what you want with the money....
But farmland is currently largely exempt from inheritance tax, which is I believe the main driving factor behind putting money into land.

 

[kiwi pom]

A windfall of a few million from selling land for houses.
Trouble is that there is now so much of it about in Britain, with the government sanctioned drive to fill the country with housing, that it has become a seriously devalued commodity.
Used to be a nice little touch back about 1990, when strict planning laws meant few could do it, to sell a handful of acres for a couple of million and go buy 1000 acres with it.
Now you need £10 million to do the same, and the government and local authorities are fast eroding the share that the landowner actually netts from the sale.
Rollover so called because, simply put, any capital gains tax potentially due on sale proceeds can be deferred provided money is reinvested in qualifying assets.
There is much to be said for paying the 18% CGT and doing what you want with the money....
But farmland is currently largely exempt from inheritance tax, which is I believe the main driving factor behind putting money into land.

Thanks for that
Sadly not a problem I'm ever going to have

 

[Rowland]

Serious question to your serious question. What's 'rollover money'?

It pushes the price of land/farms up to unrealistic prices leaving the rest of us mere peasants with little chance of buying land