Category: News

Linking Carsington Reservoir to Tittesworth Water Treatment Works

Severn Trent is set to construct a new 42km pipeline connecting Carsington Reservoir and Tittesworth Water Treatment Works. This substantial pipe (800mm in diameter) will include secondary and facilitating infrastructure.

Landowner and Occupier Engagement

If your land falls along the proposed route, you will be contacted by Severn Trent or their agents, Dalcour Maclaren, to discuss your property interests, arrange initial surveys, and consult on project proposals.

Protecting Your Interests

Understanding your rights under the Water Industry Act is essential to ensure fair compensation and safeguard your interests during and after the conclusion of this project.

At Bagshaws, we have experienced Land Agents that specialise in advising and representing landowners impacted by such infrastructure projects. With extensive local knowledge and expertise in dealing with Severn Trent and other water undertakers, we are well-positioned to assist you.

How We Can Help

We already represent several clients affected by this scheme and would be happy to offer advice, assistance, or representation as needed.

Contact us at (01629) 812777

Please note: Severn Trent Water will cover our professional fees.

Saturday 16th November 2024

“Excellent support at NFYFC Live and Carcase Competition”

There were over 120 competitors at the National Young Farmers Competition held at Grindon on Saturday 16th November.
Lee and Teresa Machin of Manifold Valley Meats kindly hosted the event and the Bagshaws team were out to support.
Teams attended from as far afield as Durham and Cornwall with refreshments provided by Waterhouses YFC.
A great day was had by all with excellent support from the judges, scorers, timekeepers and other locals to ensure that the event went smoothly and all to time.

As a result of yesterday’s budget announcement, the Delinked Payments reduction for 2025 was published. A 76% reduction from the base value is to apply to the first £30,000, with no payment on any element of the claim over £30,000. Therefore,  if your BPS base value had been £30,000 or above, your Delinked Payment in 2025 will be the maximum of £7,200. Anything less that £30,000 and your payment will be 24% of your original base amount. There is no indication of what, if anything might be paid in 2026 or 2027.

Delinked Payment Due: 2021–2025 Payments	2021	2022	2023	2024 Delinked	2025 Delinked
Up to £30,000	95%	80%	65%	50%	24%
£30-£50,000	90%	75%	60%	45%	0%
£50-£150,000	80%	65%	50%	35%	0%
Over £150,000	75%	60%	45%	30%	0%

The Sustainable Farming Incentive is an agri-environment scheme that may help reduce the impact left by the Delinked Payment reductions. Call Bagshaws to see how we can help.

Farmers have benefited from Agricultural Property Relief and Business Property Relief on qualifying agricultural and business assets for several decades, however the budget has overhauled this position by limiting 100% relief to the first £1 million of combined business and agricultural property assets. Values over the £1 million threshold will attract only 50% relief, potentially giving an effective inheritance tax rate of 20%, to assets over £1 million.  The unrelieved value falls into the inheritance tax calculation, from which there are further allowances. However, with the inheritance tax personal allowance threshold remaining static at £325,000 until 2030, a level which hasn’t changed since 2009, more individuals will be impacted by inheritance tax on their assets.

The change is due to take effect in 2026 and the technical detail is all yet to come. 

A further blow for those who have pension savings, is that pension pots will also be brought into the inheritance tax calculation with effect from April 2027.

A positive is that land farmed under environmental schemes will be eligible for Agricultural Property Relief (from April 2025).

Business Asset Disposal Relief from Capital Gains Tax on the first £1 million of business assets will remain at 10% until April rising thereafter to 14%, and 18% in 2026.

For most family farms this will give rise to the need to carefully plan ahead to mitigate potential tax liabilities, by reviewing how assets are held, reviewing the partnership agreement and taking professional advice.  Bagshaws’ chartered surveyors have a wealth of knowledge and experience in this area combined with a practical approach to help you fully understand your position and navigate these next steps.

Contact:

Christine.baggott@bagshaws.com

Ed.lawley@bagshaws.com

Philip.Hulland@bagshaws.com 

Malcolm.gale@bagshaws.com

The UK’s farming methods are receiving global recognition for promoting nature and sustainable agriculture, with nations at the UN biodiversity summit in Cali, Colombia, calling them “world-leading”! 🌎💚

At Bagshaws, we’re thrilled by this recognition. Our team has a wealth of expertise navigating farming subsidies, grants, and schemes—right down to the smallest details of legislation and red tape. If you’re looking to maximize the impact of these agri – environment scheme for your farm, our farm office services team are here to support you every step of the way.

Read the article here

We had an amazing time attending the Harper Adams University Careers Fair, connecting with the next generation of budding chartered surveyors! 🌱✨

At Bagshaws LLP, we’ve proudly served clients with professional services in land, property, livestock, for over 150 years and it was fantastic to meet such talented and passionate students ready to shape the future of our industry.

Thank you to everyone who stopped by to chat and learn more about career opportunities with Bagshaws LLP. We look forward to seeing where your careers take you! 🙌

We are absolutely thrilled to announce that we raised over £1000 at the Bagshaws Macmillan Coffee Morning! ☕🍰 A massive THANK YOU to everyone who joined us, donated, and helped make the event a success. Your kindness and support will go a long way in helping Macmillan Cancer Support continue their vital work.

A special shoutout to those who donated incredible prizes and gifts for our raffle, which was a huge hit! 🎁🎉

🌟 Special thanks to: Bakewell Pudding Shop, Carrs Billington, Bakewell Vets, Mad4Ink, Bath Bomb Shop, Willow & Thyme, Ginger Butchers, Critchlow Butchers, Better Buys, Cheese & Wine Emporium, Bakewell Cheese Shop, The Bulls Head, G & R Leigh, Torne Valley, Bloomers, Brocklehursts, Pasties & Puddings, NFU, Eyres, H.S. Illustrations – your generosity truly made a difference.

48 Acres (19.42 Ha) Standing Maize in 5 fields for sale as a whole or part. Available by informal tender. Closing date for tenders 12 noon Friday 18th October 2024. For further information Ellen Clewes, Ashbourne Office 01335 342201 or email: ellen.clewes@bagshaws.com

The Great British Bake Off is back—who’s excited? 🎂

To mark the occasion and raise vital funds for Macmillan Cancer Support, we’re hosting a morning of delicious cakes, bakes, and refreshments. It’s the perfect way to enjoy a great cup of coffee, indulge in some treats, and make a difference. 💚

📅 Friday, 4th October
⏰ 9:30 AM
📍 Bagshaws, Agricultural Business Centre, Bakewell, DE45 1AH

We’ll also have a special raffle with fabulous prizes! Don’t miss out on the fun, the cakes, and a chance to help those in need. 🧁🎟️

See you there! 🎉

#MacmillanCoffeeMorning #Bagshaws #BakeOffBegins #CakeForACause #GBBO

*****SOLD*****

17.00 acres (6.87 ha) Maize available at Beech Avenue, Quarndon. Available end September/early October. For further information contact Ashbourne Office 01335 342201