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Beverley Bowen
    • Beverley Bowen

    • Associate Solicitor - Rural Practice
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Ask The Legal Expert: DIY Livery and IHT Relief

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This month JCP Associate Solicitor, Beverley Bowen, advises a reader with a DIY Livery business about Business Property Relief. "I have recently set up a DIY livery business. Will my estate be entitled to any inheritance tax...

The EU Referendum and the Rural Sector

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On 23rd June Britain will go to the Polls again – this time to vote on whether or not the UK should remain as members of the European Union (EU). Current polls are predicting that the vote will be a close one; however the importance of the...

Ask The Legal Expert: LPAs and the Farm Business.

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Associate Solicitor Beverly Bowen talks about a very common legal issue– the importance of having a Lasting Power of Attorney when running a farming business. I am a farmer in partnership with my parents – an arrangement which has suited us all...

Ask The Legal Expert - How Do I Divide My Farm Up Fairly?

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In this week’s Ask The Legal Expert blog, we get the latest specialist advice from our Rural Practice Team. Associate Solicitor Beverley Bowen, based in our Carmarthen office, addresses a very common legal question asked by our farming clients: My...

The Importance Of Legal Advice During Probate

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The administration of an estate must be carried out correctly; otherwise the personal representatives are open to attack by disgruntled beneficiaries as well as HMRC. The administration process will start for most farming clients by submitting a...

Inheritance Tax Update

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After last week’s Budget announcements David Cameron has confirmed that he would still like to look at increasing the Inheritance Tax threshold. At present the Inheritance Tax threshold (called the nil rate band) is £325,000 per person. ...

The Budget 2014 And Inheritance Tax Implications

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Wednesday 19th March saw George Osborne announce his 5th Budget as Chancellor. There was little news regarding Inheritance Tax. It was announced in the 2013 Budget the threshold for inheritance tax is to be frozen at £325,000 until the tax...

The Farmhouse- Will It Qualify For Agricultural Property Relief?

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In order to claim the relief it is important that the farmer lives in the farmhouse. More importantly the farmer must run/manage the farm from the farmhouse. It is possible therefore that if the farmer has retired and the land is let on grazing...

Farmland & Planning For The Future

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Mum, Dad and son are all partners in a farm where the farmland is owned 50% by Mum and 50% by Dad. Mum and Dad make Wills under which they pass their respective partnership shares to their son on first death but the remainder of the estate is to pass...

The Autumn Statement And Your Lifetime Planning Arrangements

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Yesterday saw George Osborne release his 2013 Autumn Statement. In the Statement Mr Osborne reminded everyone that this Government is clamping down on tax evasion, avoidance and aggressive tax planning. There was no announcement regarding any changes...

Life Interest Trusts

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Interest in possession trusts, also known as life interest trusts, are a common form of trust and can be created either under your Will or as a lifetime trust. This type of trust gives the beneficiary an immediate right to any income earned in the...