Expertise - Landed Estates
Francis Clark act for some of the largest (and smallest) landed estates in the South West.
We have considerable experience of the tax and commercial issues involved in the management of agricultural, residential and commercial property portfolios, shoots and other estate businesses, woodlands and even specialist enterprises like alpacas. Within our team of consultants are specialists in capital gains tax, VAT, inheritance tax planning and renewable energy.
We are familiar with the particular difficulties posed by high value historic family houses and by the heritage property regime, which has sometimes been used to shelter such properties from inheritance tax.
We recognise the need for balance between the long term succession of a landed estate and the requirement to keep the estate on a commercial footing in a constantly changing economic climate. We offer proactive advice aimed at minimising tax liabilities and protecting family wealth for generations to come.
Landed estates frequently have different accounting requirements from other businesses, often because of ownerships by trusts, because several different business activities are carried on and because there is considerable variation in the size of the estate’s own accounts department. Francis Clark is accustomed to meeting those special requirements with a bespoke accounts and tax compliance service.