Disinherited? Don’t lose heart. Disinheriting? Take care …

28 July, 2015

‘Woman rejected by mother in will wins £164,000 inheritance’ according to the BBC’s headline.  Melita Jackson died on 29 June 2004 leaving her net estate of £486,000 to a selection of charities.  Melita had had little if anything to do with these charities during her lifetime.  Sadly Melita had fallen out with her only child, Heather Ilott.  The pair became estranged when Heather was 17 or 18 years old because Heather ran away with a man who was to become her husband and father of her five children.

Heather’s claim against the estate of her late mother has  reached its latest decision from the Court of Appeal having been up and down from County Court to High Court and back up again to the Court of Appeal (Ilott v Mitson CA [2015] EWCA Civ 797).  Mrs Ilott’s latest appeal was that an award against her mother’s estate of £50,000 was insufficient for her maintenance and the award should be increased.  The Court of Appeal has set aside the award and substituted its own award of £143,000 plus up to a further £20,000.  Why and how? Read the rest of this entry »


Inheritance Tax Residence Exemption: Even more smoke and mirrors from the 2015 Summer Budget

9 July, 2015

The fanfare for this Summer’s July Budget trumpeted the arrival of a £1 million IHT exemption for the family home.  The detail is not so clear cut.  Chancellor George Osborne has introduced a new residence exemption from IHT.  It works like this. Read the rest of this entry »


Summer Budget 2015: Rural Points – More smoke and mirrors

9 July, 2015

The Inheritance Tax changes will be the headline grabbing feature for many rural property owners.  But is all what it seems?  A few other budget points also need attention if you’re interested in rural property and farming.

Business-wise the decision to set the Annual Investment Allowance at £200,000 permanently from January 2016 is important, and relatively welcome. Read the rest of this entry »


Valuation Revision Tutorial for probationer agricultural valuers

2 July, 2015

Here are some slides I used in support of a very short valuation update for probationer members of the Central Association of Agricultural Valuers at their examination tutorial held on 2 July 2015 in Aberystwyth


Strategy and the land manager

18 June, 2015

These slides provide an update on the survey I have been undertaking for my RAU 100 Club/RICS (Royal Agricultural University/Royal Institution of Chartered Surveyors) Fellowship on the topic of strategy in rural estate management. The 151 respondents to date have been involved in the management of at least 1.973 million acres in the last year, and potentially up to 4 million acres. It’s therefore probably reasonable to claim a mid figure of 3 million acres, or at least 1 million hectares. Analysis continues but there are already some very interesting results.


Rural Valuation Update

9 June, 2015

Earlier this evening I met a group of valuers at Ludlow Livestock Market for a rural valuation update under the auspices of the RICS West Midlands CPD Foundation.  Here are the slides we discussed:


Estate Management Strategy: a survey

5 June, 2015

Please can I invite readers to complete a short survey for me, particularly if you are involved in land or estate management on any scale.

There are seven questions, and it should take no more than a few minutes to complete.  This link will take you to the survey:

https://www.surveymonkey.com/r/RKDDXRZ

The results of the survey will be published in my report for the RICS/RAU 100 Club Fellowship (Royal Institution of Chartered Surveyors/Royal Agricultural University).  They should be useful to estate managers in extending our understanding of the role of strategic planning on the rural estate, and helpful to students and course designers.

If you would like to receive a summary of the results there is an option to provide your contact details but other than this individual responses will be confidential.

Thank you in advance for your assistance and input.  The preliminary results will be available at the National Rural Conference at the RAU on Thursday 18 June.  Booking details here:

http://www.rics.org/uk/training-events/conferences-seminars/rics-rural-conference/cirencester/


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