Selling a Farm

Although owning a farm can be an enjoyable experience, there might come a time when you need to sell your farm.

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Your top questions when selling a farm

✅ What are some reasons why a farm owner may want to sell their property?

There can be many factors that lead to the owner of a farm deciding to seek a buyer for it. For some people, the workload required to operate such an enterprise can become too much. Other owners could need to sell because they’re relocating to another part of the UK or overseas, or they have to find a buyer for financial reasons – farm sales can have many justifications.

✅ What are the tax issues to know when trying to sell my farm?

When you sell a farm, you may be be liable for paying some Capital Gains Tax on some of the profit from the sale, which in turn could reduce your net proceeds from selling. However, you might also be able to take advantage of some types of tax relief that might lower the amount of money that you’ll have to pay the UK government after the successful sale of your farm. Be sure to obtain professional tax advice.

✅ How much time will it take to find a buyer for my farm?

The timeline for selling your farm will depend on how you choose to find a buyer. Trying to sell the property on your own can take a year or more, and will be very stressful. Using an estate agent or auctioneer to sell the farm will take on average at least a few months. But fast buyers like LDN Properties could complete the purchase of your property in just a few short weeks.

✅ What commission can I expect to pay when selling my farm?

You won’t necessarily have to pay any fees for the sale of your property, if you choose an option that doesn’t charge commission, such as trustworthy fast buyers who never charge owners when purchasing their properties. However, if you sell through an auction or estate agent, they’ll make you pay fees that will be deducted from the sale proceeds.

✅ Should I apply for planning permission before seeking a buyer for my farm?

Planning permission gives someone the ability to build new structures on a farm, or convert existing buildings like barns into homes. Obtaining planning permission from the local planning authority might make your farm more enticing to some property developers who could be considering buying it, but it can be an expensive and time-consuming process to go through.

✅ Will I have to pay Capital Gains Tax when I sell my farm?

It depends on whether you make a profit from the sale of the property, because Capital Gains Tax does not apply in those situations where an asset like a farm is sold at a loss compared to the original price paid for it. However, if you make a profit on the sale above the initial price, it’s possible that you will be liable for paying Capital Gains Tax on the gain that you make. Be sure to obtain professional tax advice when the time comes.

✅ What assurances do I have to trust a fast buyer with the sale of my farm?

To give farm owners extra peace of mind when selling their property, LDN Properties and other legitimate quick buyers are registered with The Property Ombudsman (TPO), which is a third party entity that writes regulations to protect people against scams in the fast buying sector. All TPO members must comply with those rules, which should help to put owners at ease.

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"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward."Thomas from London

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