‘A Practical Guide to the Law of Farming Partnerships’ by Philip Whitcomb


Paperback: 978-1-912687-32-9
Published: November 2020
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Many professionals will be familiar with partnerships and how they work but few will truly understand the nuances and complexities of a farming partnership.  In the past this may not have mattered but with high values of land and an increasingly elderly farming population, the risk levels for advising in this area of the law have increased significantly.

Recognising the key problems that many farming families face, the need for commerciality and succession planning, this book explores the practical legal issues through a number of topics centred around the different aspects of a farming partnership.  All farming partnerships are tailor-made to meet the specific circumstances of the client.  The purpose of this book is to give an overview, with practical examples, of the main issues that you may come across.  Whilst it does not have the scope to consider all the case law in relation to partnerships in detail, it does provide the main points, guidelines and strategies to help and support all those involved in advising on farming partnerships.


Philip Whitcomb is a private client partner at Moore Barlow LLP. He acts for a large number of farmers and landowners and specialises in advising on succession planning and the structuring of farm businesses. His approach is to give practical and workable solutions to clients taking into account their circumstances and particular needs and wishes. Philip is a Fellow of the Agricultural Law Association and a member of the Country Land and Business Association. He regularly lectures nationally to professionals on capital taxation, Wills, trusts and farming business structures. As well as being on the editorial board for Farm Tax Briefing and a contributor to Stanley’s Taxation of Farmers and Landowners.

He enjoys gardening and antique collecting and lives in Dorset with his wife, Alison.


1. Partnerships in the Farming Context
2. Formation of a Farming Partnership and the Need for an Updated Agreement
3. Property and the Use of the Land Capital Account
4. General Capital and Finance
5. Division of Profits and Losses
6. Management and Decision Making
7. Death of a Farmer
8. Succession Planning of the Family Farm and the Use of Partnerships
9. Capacity Issues and the Elderly Farmer
10. Dissolution of the Business
11. Stamp Duty Land Tax
12. IHT & CGT
13. The Use of Limited Partnerships and Limited Liability Partnerships
14. Income Tax