Trust advice for farming partnership

David King, Partner in the Private Client team, recently acted for a farming partnership. The land occupied by the farm partnership was subject to a complicated trust structure which created difficulties for the partners in raising capital to enable them to grow the business.

David advised his clients in connection with the current structure and how, from a commercial perspective, this could be adjusted to better suit the financial requirements of the partnership day-to-day, whilst keeping in mind the partners and the trusts’ respective tax positions.

David said: “It is great to be able to help clients find a solution that works for them both commercially and personally”