Landowner and farming law

With over 1,125 hectares on farmed land in Yorkshire, the market for commercial property related to agricultural use is huge. If you’re a landowning farmer or are looking to get into this sector, having a local commercial property solicitor with knowledge of the legal aspects of agricultural property management is vital.

At Crombie Wilkinson, our team of commercial property solicitors in York, Malton, and Pickering understand the key considerations and implications related to commercial property in farming and agricultural settings. 

Estate planning and succession on agricultural land and property

Farming property and land often is passed down through generations. It’s therefore worth knowing the rules around inheritance tax so you can better plan your estate succession. 

• Wills and probate: Writing a comprehensive will means your assets, including farming land and buildings, are distributed according to your wishes after your passing.
• Trusts: Trusts can help you to better manage and protect your farming assets during your lifetime and for future generations by minimising taxes and providing for specific purposes.
• Inheritance Tax: Agricultural and business property inheritance tax reliefs may apply, so consult with experts to optimise tax efficiency.
• Succession planning: It’s never too early to begin succession planning for the seamless transfer of your farming business to the next generation. This involves legal structures, ownership transitions, and minimising trauma during the handover.

Learn more about estate planning and wealth management.

Agricultural property transactions

Whether your buying new land or selling a farm building, you’ll need to be fully up to date with the latest agricultural property legislation.

• Selling or gifting land: If you intend to sell or gift agricultural property or land, seek legal advice to navigate tax implications, contracts, and negotiations and to ensure your interests are protected.
• Tax-efficient sales: Explore tax-efficient ways to sell farming land, especially if it’s earmarked for development. Legal guidance can help you get the most from your sale while minimising tax liabilities.
• Heritage Property Relief: For substantial landed estates, heritage property relief could help you to reduce the inheritance tax bill. Legal professionals can guide you through the process.
• Environmental considerations: Be aware of environmental regulations and how they impact land transactions. The Environment Act 2021 introduces reforms that affect planning and development.

Find out more about commercial property transactions.

Divorce and family law around farming land

With farming often a family-run business, divorce can have a big impact on the ownership and succession of agricultural property.

• Protecting estates: Divorce can impact farming land and property ownership. Consult family law solicitors to safeguard estates and farms during marital breakdowns.
• Deeds of variation: Restructure wills or intestate estates using deeds of variation to address changing family circumstances.

Visit our divorce law page for further information.

Remember that seeking legal advice tailored to your specific situation is essential. Our team specialises in agricultural law and commercial property  to ensure your financial security and protect your land for future generations.