As a firm we obviously have a huge amount of experience in dealing with agricultural sales and purchases but this does include the sale of full working farms as transfers of going concerns. This can include also, the transfer of all stock including deadstock and livestock as well as any subsidies and entitlements.
We are also able to assist in the sale or purchase of livery properties but in both situations there can often be further complexities which need to be considered. For example, there may be relief workers or members of staff which will form part of the transaction and therefore, careful consideration needs to be given to the TUPE regulations. Further, as well as the land, there are often dwellings on the premises, potentially with agricultural ties, which also need to be considered in detail.
Also, with such large parcels, there can be reliefs available for Stamp Duty Land Tax purposes and Chubb Bulleid will be able to assist with guidance in respect of the same.