Whether farms with multi-generational family histories or agribusiness start-ups – making efficient tax provisions and protecting assets is crucial to the future success of a business.
The annual finance seminar organised by the Country Land and Business Association (CLA) South West is being held today, 12 April, at Bowood House - home of the Marquis and Marchioness of Lansdowne.
Addressing CLA members and their guests, a panel of financial and legal experts are examining the threats but also the opportunities around tax liability, foreign exchange risk and ensuring smooth succession.
Tax Planning & Trusts partner at Thrings, Mike Westbrook, is sharing his know-how and addressing key issues such as:
- Family administration - considering the management of expectations and benefits of family charters or memoranda of understanding
- Business asset management – covering partnership agreements, profit shares and the importance of regular communication
- Asset protection – wills, trusts and pre-marital agreements
- Integration of business and succession agreements - for seamless transitions of ownership and management
- Tax – looking at options for inheritance and capital gains tax planning in a rural context.
