Agriculture Blog
Opinions and insights from our Agriculture team
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Agriculture Blog
Opinions and insights from our Agriculture team
The Tenancy Reform Industry Group (TRIG) has been meeting over the last few months to develop recommendations for changes that relate to both Agricultural Holdings Act (AHA) tenancies and farm business tenancies (FBTs). The Group picked up on themes from previous reviews, as well as exploring ways to enhance productivity in the let sector. Julie Robinson, partner in our Agriculture team, was part of the Group as a representative of the Agricultural Law Association.
“If we can unlock and enable a larger let sector that promotes good farmers who can invest and adapt flexibly to change and deliver innovation we will have achieved a lasting benefit for agriculture.” Jeremy Moody - Chairman, TRIG Tax Working Group. |
Copies of TRIG’s working group papers, submitted to Defra in October, have now been published and are available here.
Headline recommendations affecting AHAs and FBTs include:-
Taxation
On the tax front, there were several technical recommendations. Notably, however, the majority of the tax working group were not in favour of the TFA’s call for APR to be disallowed for future lettings of less than 10 years.
Recommendations included:
It remains to be seen how many of TRIG’s recommendations are picked up by Defra (and, where necessary, the Treasury) as candidates for inclusion in the upcoming Agriculture Bill or other legislation. With Brexit very much at the forefront of Defra’s policy agenda tenancy reform may find that it takes a back seat, with opportunities for improvements to the current regimes being overlooked once again.
We have a team of advisors able to assist and act on agricultural tenancy matters. If you are in dispute with your landlord or tenant, contact Sarah Whitehurst or Tim Russ in our dispute resolution team. If you would like “non-contentious” advice on tenancy matters, get in touch with Julie Robinson, Kirsten Rimmer, Tom Foottit or Emma Hill.
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