There are various tax issues that arise in relation to transactions between landlords and farm tenants. Regardless of which side of the transaction you are on, it is important to understand both points of view.
Stamp Duty Land Tax on commencement
This is often overlooked, but can be payable by the tenant. The calculation is complicated but fortunately there is a calculator on HMRC’s website which works out the Net Present Value of the rents payable. If the answer is more than £150,000, the SDLT payable is 1% of the excess. Read this post