Amateur bob

theres a floor plan, elevations, site plan, location plan etc all been done for outline application plus a few meetings so far, £1000?

to see if the plot was likely to gain planning without spending huge amounts, do you have a rough idea what this would cost me from an architect?

how much roughly should it cost me for architect to design house/ draw up plans and put in outline planning for me?

sorry for late reply, im in Perthshire. i had heard theyd changed the rules on AG ties a year or 2 ago to make it easier to get a mortgage but wasnt sure exactly how it works now, we should have a decent case for a house if we use supporting info as theres a farm with no house on it and 70 suckler cows on site to look after and calf i just dont want them automatically saying its a workers dwelling and therefore tied to farm! thanks

my recent planning application has been refused and i will now need to reapply with Agricultural justification to try and get planning, will this affect my ability to get a mortgage? im led to believe there was a rule change in Scotland the last few years to make it easier to get mortgages for such houses i.e you can now sell the house with the condition you cant get planning again anywhere else on your farm, can anyone else shed some light on this? thanks

ive been turned down so dont need to worry about capital gains for now, the next issue is putting in planning with agricultural justification and getting a mortgage with a tie on it IF it passes

you must be in a good arable area, did you have to get an ag tie on your house?

The hold up just now is the deed plan lawyer is drawing up for the plot they need details of where to connect water etc which im working on!

The lawyer told us just to push on with it but then spoke to the accountant recently and he says it would have been better to sign it over before getting planning but MIGHT be able to get hold over relief

does anyone know how to delay the planning?

did the farm purchase cost count for nothing in the calculations then? how much tax roughly would i be due? the planning is in for outline planning not full planning, thanks

In addition, land which qualifies for agricultural property relief (whether at 50% or 100%) for IHT purposes also qualifies as a business asset for hold-over relief purposes. On the other hand, for example, a buy-to-let property does not so qualify heres the curious bit, land qualifies but does land with outline planning on it?

Deferral (which requires a claim to be made to HMRC) is possible in one of two ways, both requiring the disposal to take the form of a gift (or a sale below market value), namely a gift of a ‘business asset’ or a gift that precipitates an immediate inheritance tax (IHT) charge (i.e. even if the charge is at the nil (0%) rate). Deferral refers to the procedure under which any capital gain arising is ‘held-over’. This is achieved as illustrated in the following example; effectively, the gain of the individual making the gift is transferred to the recipient. Because of this, the recipient of the gift has to agree to the deferral (unless the transfer is to a trust). has anyone on here heard of this?

Thanks thats very useful, my accountant mentioned something about me mabye being able to sign something so the gain was passed on and my parents didnt have to pay tax, would this sound feasable? He was going to look into it but hasnt got back to me yet!

i will im just getting some advice on here first

the land wasnt purchased as a plot it was purchased as a farm 30 years ago, the plot is a bit of agricultural land so im not sure if wed use the purchase cost of the farm(250k) as the base value? the plot will be worth less than this so in theory no tax id like to think? the land is owned jointly between my dad and mum currently, i believe we would be in the lower tax btacket so 18% capital gains tax(if it did apply)

the land wasnt purchased as a plot it was purchased as a farm 30 years ago, the plot is a bit of agricultural land so im not sure if wed use the purchase cost of the farm(250k) as the base value? the plot will be worth less than this so in theory no tax id like to think? the land is owned jointly between my dad and mum currently, i believe we would be in the lower tax btacket so 18% capital gains tax(if it did apply)

thanks for the replies, the farm has increased in value since it was purchased BUT the value of the plot is still a lot less than the purchase value(base value) so should this help the situation or because the whole farm isnt being sold does this not count? this is my main query

And if not 7 years? are you not allowed up to 250k tax free?

good morning just wondering if anyone has any info on this, my dad is signing over a bit of agricultural land to me for a house plot the planning could be through any day now, due to hold ups with getting it transferred it may have outline planning on it by the time its transferred, this will increase the value to be transferred and im told my dad could then be liable to pay capital gains tax, is this true though? The farm was bought or 250k about 30 years ago and the plot hes gifting would be work mabye 100k, this is clearly less than the purchase price of the farm BUT its only a partial disposal of the asset so how does this affect things? if im liable for tax is there anyway of holding over the tax on gifts? so that tax is only liable if i then sell the plot? thanks

yes but its another couple hundred metres away from the farm and the pipe up to farm from there crosses a neighbours field, would scottish water lay their own pipe rather than the £1/m pipe you suggested and charge me more? thanks

Thanks for the reply thats much more affordable than i thought then as was worried it would be £5-10/m, so the way to do it would be a trench 850mm deep across the field, lay the pipe and get the water company to connect to the mains for me? Any thoughts on the idea of connecting in at the farm to the private supply?

Ive a guy with a 360 digger that does our drainage who could do it ipay him about £35/hr, i wasnt sure what sort of cost the pipe would be per m though as its a fair distance and could add up?

Ive had a diagram from Scottish water of the nearest mains to connect to its 600m from site and needs to cross a side road OR a field ditch, we have a private water connection available at farm which is 130m away im trying to decide best option, a cost per m for running the water pipe across fields would be handy if anyone could help me?