This ever developing area of the law involves an extensive range of work associated with farming and agricultural businesses.
For new and for expanding businesses this can involve the purchase or lease of agricultural land and properties.
The purchase of an agricultural property or farm will involve obtaining advice on mortgage and loan securities, Land and Buildings Transaction Tax, issues which could arise in the transfer of a going concern and dealing with current subsidy systems and grant systems. Advice can also be given concerning the purchase and lease of equipment and other items, for example, stock often included in agricultural property transactions.
Hewats can also advise on the structure of a farming business and determining, with other advisers, for example accountants, the best options for an agricultural business. These can arrange from sole trader through partnership options to Limited Company status. We can also assist with all legal work related to the sale of agricultural properties and can act for either landlord or tenant in the lease of agricultural properties.
Agricultural Leases involve particularly complex areas of law and early legal advice is essential.
The agricultural sector is undergoing significant changes at present due to demographic and political factors, including increasing environmental burdens.
There are also more general trends, including the consolidation of farming units and businesses and the need for succession and retirement planning for those already involved in the sector.
Hewats have both extensive internal experience in the firm and an extensive network of contacts in legal and other sectors and can provide tailored and cost effective services and advice to clients involved in this sector.
Hewats would be happy to provide preliminary advice to any clients on any matters relating to agricultural and rural business law.