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Agriculture

Agriculture is a specialist industry which has very specific demands; you should choose a specialist that can give you the unique business advice you need.

A reputation for excellence

Statton & Co have a reputation for in depth knowledge and excellence within agriculture and related industries. This has been generated through building close working relationships and a life long association with the farming sector.

The firm is committed to providing pro-active advice to landowners, rural business owners and other professionals working within the rural economy. We have a thorough understanding of the problems facing today’s agricultural businesses.

Our team has a wealth of experience advising landowners, ensuring that traditional values are maintained whilst development opportunities such as holiday accommodation, renewable technologies and leisure activities are maximised. This holistic approach will help preserve wealth for the next generation.

Here are some of the ways in which we can help our agricultural clients:-

Ownership Structures

We provide a tailored service to meet the client’s needs. This can include partnerships, companies, sole traders and trusts. As a result of recent changes in trust tax law and pressures on inheritance tax reliefs, we believe in a pro-active approach to developing ownership strategies.

We advise on:

  • setting up structures for new acquisitions.
  • the relative merits of trusts, LLPs, corporate and personal ownership.
  • succession planning.
  • reviewing existing structures.
  • assessing the taxation burden on existing trusts and advising on appropriate improvements.
  • preparing the ground for the most efficient means of passing down the wealth to the next generation.

We help our clients preserve wealth, minimise the impact of taxation and keep their estate intact.

House and Contents

We help many of our clients reduce their exposure to capital taxation by working with them to develop strategies such as:

  • using the house and its contents within a business, thereby attracting up to 100% relief from inheritance tax.
  • maximising the benefit of the capital gains tax exemption for principal residences.
  • obtaining tax reductions on the cost of maintaining the property and its contents.

The key element of our role is to assist our clients in retaining their estate and to enable them to pass it on to the next generation in a better condition.

Diversification

We work with our clients, and their other advisers, to identify opportunities for diversification. We develop tax efficient structures, help secure and structure financing and ensure that available tax benefits, including capital allowances, are maximised.

The team is led by the proprietor Reg Statton FCA, who, coming from an active farming background, genuinely understands the problems facing today’s farmers. He uses his many years of experience to produce practical and effective advice to help agricultural businesses survive and develop.

Contact us on 01208 813948 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact Us

Address: 1st Floor, Regency Arcade, Molesworth Street.
Wadebridge, Cornwall, PL27 7DH.
Tel: 01208 813948
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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