000			01314cab a2200253 4500
001			ABS68578
008			041214n2004 000 0 eng u
035			_a(Sirsi) u128298
245			_aPartnership land or partner's land?
260			_c2004
490			_aFarm Tax Brief _v19(9) November 2004, 1-2(2)
520			_aThe majority of farming businesses in England and Wales are carried on by individual sole traders or partnerships made up of individuals who are often members of the same family. The partnership is an important mechanism for involving all members of a family and for easing the transfer between generations. However, it needs to be decided whether the land being farmed should be held as one of the assets of the partnership or whether it should be held outside of the partnership, in a formal lease or tenancy, which would make it easier to use the land to provide for family members outside of the business. Considers the pros and cons of both arrangements.
590			_aABS
650			_aPARTNERSHIPS
650			_aFARM TENANCIES
650			_aASSETS
650			_aFARM BUSINESSES
650			_aINHERITANCE TAX ACT 1984
650			_aCAPITAL GAINS TAX ACT 1992
650			_aTAX RELIEF
650			_aFINANCE ACT 2003
690			_aRURAL-FARM BUSINESS MANAGEMENT
942			_n0
999			_c74669 _d74669