Partnership land or partner's land?
Series: Farm Tax Brief ; 19(9) November 2004, 1-2(2)Publication details: 2004Subject(s): Summary: The majority of farming businesses in England and Wales are carried on by individual sole traders or partnerships made up of individuals who are often members of the same family. The partnership is an important mechanism for involving all members of a family and for easing the transfer between generations. However, it needs to be decided whether the land being farmed should be held as one of the assets of the partnership or whether it should be held outside of the partnership, in a formal lease or tenancy, which would make it easier to use the land to provide for family members outside of the business. Considers the pros and cons of both arrangements.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68578 (Browse shelf(Opens below)) | 1 | Available | 128298-1001 |
The majority of farming businesses in England and Wales are carried on by individual sole traders or partnerships made up of individuals who are often members of the same family. The partnership is an important mechanism for involving all members of a family and for easing the transfer between generations. However, it needs to be decided whether the land being farmed should be held as one of the assets of the partnership or whether it should be held outside of the partnership, in a formal lease or tenancy, which would make it easier to use the land to provide for family members outside of the business. Considers the pros and cons of both arrangements.