Solar rent

[steveR]

I was thinking a drain becoming blocked once solar has been installed

I have come aroiund to thinking that as the landowner and former farmer of land with Solar on it now, one needs to develop a "Nelsonian Eye", and not see such things.... Just cash the cheque, and ponder how to get more solar.

We have had a stream running through the site here most of the Winter.

 

[crashbox]

Those who have done deals, did you manage to index link them?

 

[warksfarmer]

Those who have done deals, did you manage to index link them?

Yes absolutely. If they wont do that walk away.

 

[MrNoo]

Those who have done deals, did you manage to index link them?

Yes, flat rent plus profit share percentage.

 

[Eronce]

I have come aroiund to thinking that as the landowner and former farmer of land with Solar on it now, one needs to develop a "Nelsonian Eye", and not see such things.... Just cash the cheque, and ponder how to get more solar.

We have had a stream running through the site here most of the Winter.

Sensible financial advice
Not heard of Nelsonian eye before

 

[Doing it for the kids]

Fair point,
Can’t help thinking like a farmer I guess!
You would think they would prefer well drained land to work on and service and clean the panels as oppose to a working in a boggy Mess though

We are a rare breed. The build will change hands so many times with different teams, it’s never joined up so you will have to adapt to looking on surprised.

We have a road through ours which has been hard to drive through for several years. We have quite about 6 times now to repair it but the bean counters keep, asking for more details. For perspective, the cost would probably be about 6 hrs profit, no sense.

Those who have done deals, did you manage to index link them?

Always and an output bonus

 

[steveR]

We are a rare breed. The build will change hands so many times with different teams, it’s never joined up so you will have to adapt to looking on surprised.

We have a road through ours which has been hard to drive through for several years. We have quite about 6 times now to repair it but the bean counters keep, asking for more details. For perspective, the cost would probably be about 6 hrs profit, no sense.

The latest O&M team are taking bean counting to a silly level here. I am trying to find the magic figure that allows work to be carried out, without a full-on bid process, for 2-300 quids worth of work

 

[Bigsingle]

We're getn well down the road now, 950 an acre rent 5% of revenue per year and some storage. If it happens it will be the end of the sheep, they've got the licence front scottish power also. 37 years lease. Set my daughter up for life.

 

[Eronce]

We're getn well down the road now, 950 an acre rent 5% of revenue per year and some storage. If it happens it will be the end of the sheep, they've got the licence front scottish power also. 37 years lease. Set my daughter up for life.

Good luck with it,
How many acres are you hoping to lease them?

 

[Dog]

We're getn well down the road now, 950 an acre rent 5% of revenue per year and some storage. If it happens it will be the end of the sheep, they've got the licence front scottish power also. 37 years lease. Set my daughter up for life.

May I ask what are you doing with the land to avoid tax? We were looking at a Ltd company but tax still applies if the solar is generating more money than the farm. So will just pass it to next generation under the 7 year rule.

 

[Doing it for the kids]

Or grant a ltd co a lease for 40 yrs.

 

[steveR]

Or grant a ltd co a lease for 40 yrs.

Interesting.... has this worked for you?

Needing to chat with the accountant this Summer, and rejig "our affairs" again, 4-5 years since the last time.

 

[MrNoo]

May I ask what are you doing with the land to avoid tax? We were looking at a Ltd company but tax still applies if the solar is generating more money than the farm. So will just pass it to next generation under the 7 year rule.

Split it up, some in Ltd Co thereby not generating more than the farm and rest in personal names, once in a Ltd Co it costs a lot to get it out if you ever want to do that.

 

[Doing it for the kids]

Interesting.... has this worked for you?

Needing to chat with the accountant this Summer, and rejig "our affairs" again, 4-5 years since the last time.

Have three accountants in my family

Split it up, some in Ltd Co thereby not generating more than the farm and rest in personal names, once in a Ltd Co it costs a lot to get it out if you ever want to do that.

Depends if you sell or lease from personal to ltd.

No easy way but at least a ltd can use the cash for other investment and off set tax

If you want all the wonga for self indulgence it’s a little harder!

 

[teslacoils]

If it's a big enough chunk, surely it belongs in Guernsey or Jersey....

 

[steveR]

Have three accountants in my family

Depends if you sell or lease from personal to ltd.

No easy way but at least a ltd can use the cash for other investment and off set tax

If you want all the wonga for self indulgence it’s a little harder!

Only the one in mine, the "old chap" and he has been gone a long time now... His wise words are still missed.

 

[Bigsingle]

We, ll need to see the accountant for the tax.

 

[Bigsingle]

Good luck with it,
How many acres are you hoping to lease them?

Nearly 90, but won't all be in solar, they have to plant trees strips etc. Still alot of things to do before it even goes to planning but they think it will be past fingers crossed.

 

[Grass And Grain]

May I ask what are you doing with the land to avoid tax? We were looking at a Ltd company but tax still applies if the solar is generating more money than the farm. So will just pass it to next generation under the 7 year rule.

Tax to pay when putting it into a Ltd? Or gifting it into a Ltd?

CGT to pay when passing to next generation under 7 year rule?

 

[teslacoils]

Tax to pay when putting it into a Ltd? Or gifting it into a Ltd?

CGT to pay when passing to next generation under 7 year rule?

Im not sure if any tax is payable when changing the status of a farm (sole trader or patnership) to a ltd company?