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Is your septic tank legal?

February 2020 News

New septic tank regulations became effective from 1 January 2020. If you have an old style septic tank – a tank like structure which discharges waste onto a drainage field and…

Is your septic tank legal?
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Is your septic tank legal?

February 2020 News

New septic tank regulations became effective from 1 January 2020.

If you have an old style septic tank – a tank like structure which discharges waste onto a drainage field and is then simply released to the ground, then if this is working efficiently and not causing any pollution then the installation can continue as it is.

If you have an old style septic tank which discharges into a pipe then into a water course i.e. a ditch, stream, river, lake, gutter, gully, etc., then this is no longer permitted. You need to install a modern style septic tank called a ‘sewage treatment plant’.

If you already have a sewage treatment plant which was installed after 2015, then this should comply with the new regulations. This requires no further action as long as it is functioning properly and is well maintained.

There are many considerations in regard to foul water drainage systems, best answered by your supplier and installer although there are two significant considerations which are:

  1. Storm water from gutters, etc., must not enter the sewage treatment plant. This can mean significant expense re-routing pipes.
  2. A modern sewage treatment plant usually requires and electrical supply

 

For further information, contact PFK Land Agency on 01768 866611 or email landagency@pfk.co.uk

Hedgerow and Boundary Grant Scheme

February 2020 News

The RPA have announced that the Hedgerow and Boundary grant scheme will open for applications on Tuesday 11th February 2020 and close on Friday 1st May 2020. For further information…

Hedgerow and Boundary Grant Scheme
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Hedgerow and Boundary Grant Scheme

February 2020 News

The RPA have announced that the Hedgerow and Boundary grant scheme will open for applications on Tuesday 11th February 2020 and close on Friday 1st May 2020.

For further information or assistance with making your application contact Jo Edwards MRICS on 01768 866611 or email joedwards@pfk.co.uk

Agriculture Bill Updates

February 2020 News

As you will have seen in the agricultural press recently, the Agriculture Bill was set before parliament on 16th January and this will give the necessary powers to design England’…

Agriculture Bill Updates
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Agriculture Bill Updates

February 2020 News

As you will have seen in the agricultural press recently, the Agriculture Bill was set before parliament on 16th January and this will give the necessary powers to design England’s agricultural policy for when the country leaves the EU. Agriculture is a devolved department and therefore once the country is outside of the EU, each UK administration will have the flexibility to develop its own agricultural policy to suit their circumstances.

The Government are setting out that the bill will allow each country to move away from the current EU’s bureaucratic common agricultural policy.
As with the original Agriculture Bill that was introduced to parliament back in 2018 (which was shelved due to a change in the political climate), the whole ethos behind the bill is that farmers and land managers will be rewarded with public money for providing public goods.

The government are setting out that the policy will provide support for those who look after both the country’s land and animals and in turn through this work provide public goods with a particular emphasis on environmental public goods. The major difference from the original agricultural bill introduced, is that the current one does also focus on food production.

The headline provisions within the bill promote the following:
• Activities to protect and improve the land, water and air within the environment
• Support to provide thriving plants and wildlife
• Actions to help reduction and protection of the country from environmental hazards
• Actions to help the country adapt to and mitigate climate change
• Support to help maintaining, restoring and enhancing the beauty of the country’s heritage and to help with the increase in engagement and access to the environment for the general public
• Support to help improve the health and welfare of the country’s livestock

In the period between the introduction of the original bill in 2018 and the current bill published, the Government has also taken account of feedback they have received from the agricultural industry and therefore does focus more on food production than the previous bill.
The headlines that are new within the bill, are those which cover our food security, soil quality and animal traceability service, fertiliser regulation and organics regulation.

Importantly, the government has now recognised food security as an essential for the UK as we leave the EU and is now recognising that approximately 28% of food eaten within the UK comes from EU countries. They have set out that they will be looking within this bill and future policy at global food availability, the resilience of the supply chain of food into the UK, food safety and consumer confidence within food produced.
In this current changing climate, things are moving very fast and included within the bill the government has set out a transition period for the phasing out of direct subsidy payments within England and to move to the new policies that they will be introducing. This transition period is set out to be a 7-year period starting in 2021 and ending in 2027.

PFK will be keeping a close eye on all progress and will be well positioned to assist with the changes that will come about and help with the move towards a new agricultural support system. To discuss with an expert, call us on 01768 866611 or email landagency@pfk.co.uk

Meet David Stout - PFK's Head of Land Agency

February 2020 News

In the first of a series of videos, David Stout introduces PFK Land Agency and talks about the process of becoming a RICS qualified Land Agent. [embed]https://vimeo.com/389217042[/embed] For further information on Land Agency Services, call us on 01768 866611 or email landagency@pfk.co.uk.…

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Meet David Stout - PFK's Head of Land Agency

February 2020

In the first of a series of videos, David Stout introduces PFK Land Agency and talks about the process of becoming a RICS qualified Land Agent.

For further information on Land Agency Services, call us on 01768 866611 or email landagency@pfk.co.uk.

To Let - Land at West View, Temple Sowerby

February 2020 Property News

An opportunity to rent grazing and arable land located in and around Temple Sowerby extending in total to 153.51 acres (62.13 ha) of thereabouts as a Whole. The…

To Let - Land at West View, Temple Sowerby
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To Let - Land at West View, Temple Sowerby

February 2020 News

An opportunity to rent grazing and arable land located in and around Temple Sowerby extending in total to 153.51 acres (62.13 ha) of thereabouts as a Whole.

The land is classified as Grade 2 & 3 and is currently down to grass with the exception of field 11 in Lot 1 which is currently arable.

The land was formerly part of West View Farm and has been well farmed for many years.
• 153.51 acres (62.13 ha) or thereabouts.
• Available to let on a three year Farm Business Tenancy.
• Available from 1st April 2020.
• Available as a Whole or as 6 Lots.
• BPS included.
• To Let by Informal Tender.
• Offers to be submitted by Thursday 12th March 2020.

For further information, contact PFK Land Agency on 01768 866611 or email landagency@pfk.co.uk

PRELIMINARY ANNOUNCEMENT

January 2020 Property Property

Land to Let - West View, Temple Sowerby 🌳 3 year Farm Business Tenancy from 1st April 🌳 BPS included 🌳 150 acres (approx.) 🌳 Available as a whole or as 6 Lots To register…

PRELIMINARY ANNOUNCEMENT
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PRELIMINARY ANNOUNCEMENT

January 2020 Property

Land to Let – West View, Temple Sowerby
🌳 3 year Farm Business Tenancy from 1st April
🌳 BPS included
🌳 150 acres (approx.)
🌳 Available as a whole or as 6 Lots

To register your interest, contact PFK Land Agency 01768 866611 or landagency@pfk.co.uk

A New Year, in more ways than one

January 2020 News News

As a New Year begins, David Stout talks about the opportunities that come with it… A new year and a new decade brings with it a genuine feeling of increased…

A New Year, in more ways than one
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A New Year, in more ways than one

January 2020 News

As a New Year begins, David Stout talks about the opportunities that come with it…

A new year and a new decade brings with it a genuine feeling of increased opportunity coming as it does on the back of an end to the political uncertainty which has dogged the country over the last few years and also the hope that Brexit can now be finally moved forward.

Close scrutiny of the Government’s new manifesto highlights once again the need for the professional services sector to ensure that a proactive approach is taken to the provision of sound advice and adding value to client’s interests. There is already much talk of changes to the law affecting residential tenancies with potential increased security being given to tenants, a more or less certain swing towards environmental grants once the current Basic Payment Scheme runs its course, as well as the usual plethora of tweaks to the tax system.

Add to that, the increased publicity being given to veganism and the future of the meat industry, there is plenty to keep those of us in the land and property sector busy. In many ways, that encapsulates the roll of the modern-day land agent, requiring the combination of knowledge and experience from the past and the willingness to embrace change to ensure clients are given the best possible service in managing their assets.
The sales market remains strong, albeit slightly back on it’s previous highs, but we remain confident that well-presented land, farms and property will always achieve a successful sale.

Planning ahead is undoubtedly a good way of running any business and the team at PFK Land Agency are both well-placed and qualified to assist existing and future clients in this regard.

For further information contact David Stout and the team at PFK Land Agency on 01768 866611 or landagency@pfk.co.uk.

All of a sudden it is that time of year again – where has the last 12 months gone…

December 2019 BPS News

This week, Jo Edwards MRICS speaks about why December is the most important time of the year for more than one reason.. All of a sudden it is that time…

All of a sudden it is that time of year again – where has the last 12 months gone…
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All of a sudden it is that time of year again – where has the last 12 months gone…

December 2019 News

This week, Jo Edwards MRICS speaks about why December is the most important time of the year for more than one reason..

All of a sudden it is that time of year again – where has the last 12 months gone…

No, I am not talking about Christmas (sorry the dreaded “C” word), but it is that time of year again when the RPA should be making BPS payments. The payment window opened on 2nd December (the usual opening date of 1st December was a Sunday), and at the time of writing we do have a few clients who did receive their money on 2nd December.  The payment window is open from the beginning of December until 30th June next year, but the RPA are hoping that they will be in a position to make the bulk of payments during the month of December – they are suggesting at least 90% of claimants should be paid before 31st December. As in previous years, you will receive the money directly into your nominated bank account (remember if you have changed your bank account you must let the RPA know or they will not be able to pay you!). A few days later you should receive a remittance advice note setting out the amount paid into the account, and then a claim statement after that which will explain how they have calculated the amount they have paid you.

The payment rate per hectare of land is very similar to 2018, and therefore if your landholding has not changed between 2018 and 2019, you should receive a very similar amount this year to which you did last year.

As ever it is likely that some will not be lucky enough to receive their payment in December, and as in previous years those likely to be affected by late payments are those who have had RPA inspections, those with cross-border claims (land in other parts of the UK), those with large claims and finally those with common land.
In a change to previous years, the RPA have again changed the payment structure in relation to both Environmental Stewardship Schemes and also Countryside Stewardship Schemes. Differently to years past, this year they are going to be making your annual Stewardship payment in one lump sum, and again this is due during the period 2nd December 2019 to 30th June 2020. Therefore, it may just be possible that if the RPA are feeling generous that some people may receive both their BPS monies and their Stewardship monies for 2019 before Christmas……

When you do receive your money, either BPS or Stewardship, if it is not what you expect, then please do not hesitate to contact us at PFK Land Agency and we will be more than happy to help you look into matters. If there is an issue, the sooner it is raised with the RPA, hopefully the sooner it can be rectified.
All that is left is for me cross my fingers and hope that the RPA are in the festive mood and get out as many payments to claimants as they can before Christmas and for us all here at PFK Land Agency to wish you a very Merry Christmas and a Happy New Year – whatever 2020 may bring!

 

Protecting the Value of your Future

November 2019 News Valuations News

It’s time to get savvy with planning the protection of your future. Pension planning, life insurance both have their place, but protecting the future of your assets should also…

Protecting the Value of your Future
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Protecting the Value of your Future

November 2019 News

It’s time to get savvy with planning the protection of your future. Pension planning, life insurance both have their place, but protecting the future of your assets should also be a high priority.

The current political turmoil and a general election around the corner will turn focus onto the policies of each of the parties and their implications on farmers and landowners. Labour have strongly hinted at major reviews of Inheritance Tax. The contents of their report “Land for the Many” and Tax Justice’s “In Stark Relief” highlight the risk to both the existing Agricultural and Business Property Reliefs which have offered helpful means of protecting assets from Inheritance Tax.

The current best advice should be to carry out a valuation of assets at today’s value to enable a mock Inheritance Tax calculation to be made and to identify where the current reliefs would apply. This process will identify the extent of the risk that the removal of the reliefs would bring. The solution may be as simple as transferring assets to the next generation, restructuring the ownership or a more bespoke arrangement to protect assets where at all possible.
Any landowner with land that is either allocated or soon to be allocated for development of any kind within your Local Authority’s Local Plan, should consider a possible transfer into a separate business/ownership structure based on today’s value such that when the development does come to fruition the level of Capital Gains should be reduced.

Land bought or transferred in the 1980s or before, will almost certainly be worth more now. The gain on a higher base value will probably be less than the gain on the original purchase price.

Entrepreneurs Relief changed on 6th April 2019 from a twelve-month qualifying period to two years, so allow yourself time to consider the timing of land sales or disposal of business assets.

Valuation for taxation purposes and potential negotiations with HMRC must be carried out by qualified valuers regulated by the RICS. These along with close liaison and advise from accountants and where appropriate solicitors, will help ensure the protection of your assets into the future. The old adage of there being two things certain in life – death and taxes doesn’t change but minimising the latter can be achieved with careful planning.

For all valuation advice please do not hesitate to contact our valuation team at PFK Janet Flintoft or Jo Edwards on 01768 866611 or email landagency@pfk.co.uk.

RPA announce 2019 BPS payment rates

November 2019 BPS News

Today the RPA have announced the payment rates for the 2019 BPS. BPS 2019 Entitlement Values:- Non-SDA - €182.70 (2018 - €181.39) SDA non-Moorland - €181.34 (2018 - €180.…

RPA announce 2019 BPS payment rates
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RPA announce 2019 BPS payment rates

November 2019 News

Today the RPA have announced the payment rates for the 2019 BPS.

BPS 2019 Entitlement Values:-

  • Non-SDA – €182.70 (2018 – €181.39)
  • SDA non-Moorland – €181.34 (2018 – €180.00)
  • SDA Moorland – €49.76 (2018 – €49.09)

BPS 2019 ‘Greening’ Payment Rates:-

  • Non-SDA – €78.69 (2018 – €78.13)
  • SDA non-Moorland – €78.11 (2018 – €77.53)
  • Moorland SDA – €21.43 (2018 – €21.14)

At the end of September the 2019 exchange rate was confirmed as €1 = £0.89092 (the 2018 rate was €1 = £0.89281)

The BPS 2019 payment window opens on Monday 2nd December 2019 and closes on 30th June 2020.

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