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Hello and thank you for your question. I will be very pleased to assist you. I'm a practicing lawyer in England with over 10 years experience.
Is the farm still being used as a farm please for agricultural business?
Yes, my father is retired but still lives on the farm and my brother farms the land and also lives there.
nb: Although I own a share in the land, farm house and buildings I am not included in the 'farm business'
Thank you. How is your share dealt with? Do you charge a rent for the use of your share of the property?
No, I do not receive any form of income from my share. I am regarded as a silent partner.
Thanks. My apologies for the short delay. I have just had to take a phonecall. With your permission I will be with you in a couple of minutes if that is ok?
As you will be aware. the position here is that you have two differing sets of rights. The first set of rights you have under any warranty from the contractor but from what you say he has not given a warranty in any particular form. I will leave this here though because of what follows.
My apologies please disregard the above post. It was not intended for this thread
On the basis you would like some indication of your potential tax liabilities I believe it may be more helpful if I ask my colleague to assist you with this as they will be able to work through some figures with you potentially. May I ask my colleague to assist you with this?
Thank you. She is not online right at this moment but is likely to be later today. You will receive an email as soon as she responds
Many thanks, can I come back to you at a later date on this subject if necessary?