Land With Laws

[camlyn]

Hi,
I've seen a plot of land up for a super price and my family and i are thinking of buying it if all goes well. However there are three stables on the land so an idea was to rent out the other two stables to livery's with my horse in the other. A couple of people i have spoken to about the whole idea have said that there are a dozen health and safety laws that will prevent us from renting out the stables but then again others say different. I was just wondering whether anybody has any advice on where to look for more info or whether anybody can tell me anything that they know.
Thanks!

 

[JustKickOn]

Whatever you do, get a solicitor to draw up and approve a proper contract for you.

http://www.lawontheweb.co.uk/Equine_Law/Equine_Commercial_Property_and_Planning

http://www.lawontheweb.co.uk/Equine_Law/Livery_and_Stabling_Agreements

http://www.bllaw.co.uk/sectors/agriculture_and_rural/equine_law/guides_and_information_sheets.aspx

 

[lamlyn2012]

You will be running a business so you will have to pay business rates.
You will have to declare the rental income to HM Revenue and Customs and pay tax on the profit you receive.
It may affect your insurance and you will have to take out additional insurance.
Proper contracts will need to be drawn up.
The NFU should be able to advise you.

 

[camlyn]

Hi,
thanks for the info and links, really appreciate it and its all really helpful.