27 May 2015 | Online since 2003



24 March 2014|News,Property News

Union to meet with MPs to discuss land ownership report


As part of routine meetings, NFU Scotland will be meeting with a number of Scottish MPs next week when the findings of the Scottish Affairs Committee’s interim report on land ownership will be raised.

Union President Nigel Millar, Jonnie Hall, Director of Policy and Clare Slipper, Parliamentary Officer, will be in Westminster on Tuesday and will be meeting with, amongst others, Ian Davidson MP, Alan Reid MP and Dr Eilidh Whiteford MP, who all sit on the Scottish Affairs Committee. They will be using this opportunity to discuss the report with these MPs.

There is a claim in the report that the current policy on Inheritance Tax, Business Property Relief, Agricultural Property Relief and non-domestic rates has to change as they are driving up the price of land and are used as a means to preserve inherited wealth. The Union understands the Committee’s concerns over rising land values but cannot agree that the suspension of agricultural tax relief can solve the problem; in reality it is likely to fracture the capital base of family farm businesses and remove that engine of skill, commitment and enterprise from the rural food economy.

NFU Scotland Chief Executive Scott Walker commented: “Land prices have become largely disconnected from the returns that can be made from agricultural activity. This can make it difficult for family farming businesses to expand or for individuals to get started in the industry.

“Taxation is a powerful tool. It can be used in a positive way to encourage the long term letting of agricultural land. Tax can incentivise land owners to support the establishment of new farm businesses and to invest in the vital infrastructure needed to support efficient quality production.

“We believe that there are measures that are necessary to help farm businesses expand and grow and become more productive and we also believe strongly that there are measures that are necessary to help new entrants get started in the agriculture industry. Renting land could be a more attractive entry to farming than buying land, as it allows new entrants to put their working capital into livestock and machinery.

“However the suggestion being put forward by the Scottish Affairs Committee of radical changes to the existing tax regime has potential to destroy family farming units.

“Family farms typically are asset rich but cash poor. On death, if there were no farmland exemptions, most farming families would have no choice but to sell a large proportion of farmland to pay the tax bill, and what land was left may be unviable in the context of modern farm businesses. Therefore we don’t believe taxation changes suggested would be in the best interests of Scottish agriculture.”

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


13 July 2015
Harvest Worker/ Tractor Driver >>> Northamptonshire
Family farm with 1750 acre of combinable crops needs a skilled English speaking Harvest tractor driver. You will be carrying ...

10 May 2015
 Two job vacancies available possibly suit a couple or two friends on a Dairy farm. Oswestry
Two people needed to work on a modern family dairy farm both to have milking calf rearing and tractor driving experience. &nb...

15 May 2015
Job for Forward thinking and motivated drivers wanted to join our modern well established contracting team.
We run a fleet of modern tractors and machinery undertaking all aspects of Grass Silaging and Muck and Slurry Management alon...

29 May 2015
Job for Assistant Sales and Contracts Manager for Fertilisers, Composts and Lime products>>> Tetbury
A practical hands on individual is required to assist and develop the sale, supply and application of Fertilisers, Composts a...

8 June 2015
JOB for a SKILLED SPRAY OPERATOR / ARABLE WORKER: YORKSHIRE
SKILLED SPRAY OPERATOR / ARABLE WORKER

We require an experienced spray operator and general arable farm worker to cover d...



Top stories you may have missed
15 May 2015 | Arable

Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...


15 May 2015 | Finance

As the country settles down following the turmoil of the general election, ...


14 May 2015 | Animal Health

New research from the Universities of Bristol and Cambridge has found that ...


13 May 2015 | Animal Health

A new publication to help farmers prevent sheep lameness and offer advice o...


12 May 2015 | Agri Safety

The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...


5 May 2015 | News

The UK is now third in the global rankings for utility-scale solar energy a...


29 April 2015 | Agri Safety

A recent Rural Watch demonstration and information event gave Farmers’ Unio...


24 April 2015 | Meat Processing

Retailers should confirm their commitments to sourcing UK lamb this season,...


15 April 2015 | Meat Processing

A leading retailer has apologised after selling imported lamb in a Borders ...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...