In order to be able to provide advice to farmers in connection with purchase and sale you need to have a detailed knowledge of the rules on acquisition, operations at the properties, planning acts, materially amended environmental regulations containing new action plans for the aquatic environment and rules on livestock manure, nature protection legislation, milk quotas, and the system of per hectare aids, tax advice in connection with restructurings, closing down, and sale.
Agricultural properties usually cover large areas, and land is sometimes expropriated for public roads and the like. This often requires legal advice in order to safeguard the farmer’s interests when dealing with the authorities.
If a farm is to be taken over by the next generation, it is important to start planning many years in advance in order to ensure that the succession process is not impeded by rules on taxation of profit from the sale of real property, inheritance tax, etc. IDEAL Law Firm provides advice on and assist with such processes.