Landed Estates

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A landed estate is treated as a large area of land in excess of 1000 acres, although at Thomas Westcott many of our clients own 4000-5000 acres.  This land will comprise a mixture of assets including an in-hand farming operation, let land and farms, residential lets and often a large estate house which may be used partly for business purposes such as weddings or corporate hospitality.  A landed estate is typically held either wholly or partly in family trusts.

As many estates have been in the family for generations, important and often sensitive issues arise.  Thomas Westcott has built up particular expertise at dealing with matters that arise including determining the profitability of the estate, maintaining an estate as a single unit, succession and inheritance tax planning, capital gains tax planning, protection of assets through the use of family trusts and administration of the estate.  Some landed estates will have conditionally exempt property and maintenance funds which are subject to detailed rules and regulations.
 
For more information on how we can help you, please contact your local office or partner Dale Simpson.
 
Thomas Westcott are professional members of the Country Landowners Association.