LANDOWNER OPTIONS OTHER FACTORS
There are also decisions that need to be made during the early stages of a windfarm development in respect of more general family wealth and succession considerations. For example some of our clients have decided to settle the future income stream into trust, or pass it directly to future generations.
The potential availability of capital allowances for a windfarm development should also be considered carefully.
Landowners should also consider the VAT consequences of the new venture. Depending on the position of the particular area of land, VAT may be chargeable on the rental income received, and VAT on some expenses may be reclaimable.
SUMMARY
Despite the potential complexities, the outlook for landowners in the wind energy market is still promising. If careful consideration is given to the structure of the investment and its consequences, and appropriate advice is sought, investing in wind energy can be an astute long term family investment.
Chris Lawrence
Private Client Tax Team Manager PwC
Click to view more info
www.windenergynetwork.co.uk
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