Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Farming simplification and SDLT

12 December 2007
Issue: 4144 / Categories: Forum & Feedback
What are the stamp duty land tax implications when restructuring a farming partnership?

My client is a family farming partnership of which the partners are father mother son and a limited company the shares of which are owned by father mother and son in equal proportions. The income profit and losses are shared 25% each between father and mother 35% son and 15% the company. The company owns approximately 100 acres of farmland that it allows the partnership to use and the value of this land is about £400 000. The company has no other significant assets. The partnership farms a further 1 000 acres and this land is a partnership asset. This land has a value of about £3.5m.

We are considering whether the structure can be simplified and in particular the proposal is that the company ceases to be a partner and is wound up with the land distributed in specie to the shareholders by...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon