A MEETING will look at the options farmers and landowners should examine when considering renewable energy.

H&H Land and Property will review which renewable options suit different kinds of enterprises, the tax and legal obligations, and what impact the choice will have on the next generation.

Victoria Lancaster, H&H head of renewables, will be joined by specialists from Barclays, Armstrong & Watson accountants, and solicitors Tilly, Bailey and Irvine, at the Eden Arms Hotel, Rushyford, on Thursday. (16)

She said: “Today’s renewable project is likely to be part of your farming business for the next 20 or 30 years. That’s why we are focusing on future proofing your farm, to make sure the option of your choice isn’t just right for you now, but is something that will be suitable and add value to your business in the years to come.”

Modern succession planning needs to take energy generation options into account, whether installed to generate power for use on site, to export electricity to the National Grid, or to earn income from companies siting their equipment on the land.

Keith Johnson, Carlisle-based Armstrong Watson’s tax director in Carlisle, will explain how renewable systems will affect a farm’s tax liabilities. He said: "Whether you are looking at large scale projects such as turbines, or commercial biomass boilers or solar panels, they will all have an impact on your tax liabilities, and you need to be aware of the implications before you sign up."

He will also look at the inheritance and capital gains tax issues people should be aware of.

Ian Cowan and Andrew Beattie, of Hartlepool-based TBI Solicitors, will consider legal factors farmers should take into account before investing in their own systems or signing up with power generation firms.

If arrangements are entered into without legal advice, there could be serious implications. Some form of hidden exclusivity may prevent further development on the holding or neighbouring holdings, so it’s important to understand the small print.

John Pinches, agricultural area manager from Barclays Bank, will discuss finance available for on-farm renewable energy projects, while Tom Woof, H&H Land and Property’s head of planning, will examine opportunities offered by the government’s recent changes to the planning system, introducing a simpler process for those who want to convert agricultural buildings into houses.

The free meeting starts at 6.30pm for 7pm and includes a pie and pea supper. Book on 01228 406 260.