Relinquishing a Tenancy and Tax

[tullah]

The farming partnership has has been renting two fields since 1982 under the old
Agricultural Tenancy Act. Our landlord now wants to buy us out. Is the money from the sale going to be taxed as income to the partnership or capital gains to the partners?

 

[tullah]

Stand your ground in that case,worry about the tax after,that's if you are prepared to give it up.CGT would be better as you could rollover

That hadn’t crossed my mind.

 

[yellow belly]

if it is capital gain you can buy land and role over any gain to reduce tax
if it income then you can use a pension to reduce tax

 

[Salopian_Will]

Let's be clear here, unless you have broken any clause in the AHA agreement, or the landlord has PP or change of use (Quarry etc.) landlord cannot serve notice to quit.
Without notice to quit there is no compensation.
From the OP it looks to me as a surrender of tenancy, therefore liable to CGT

Again wrong. A notice to quit can be served at any time under and AHA it is just that they can be contested unlike the examples you give , which are incontestable.

In a previous life I did a lot of AHA work.