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Joint management consent tax/inheritance status.

[Deleted User] · 2023-02-20 17:56:30

Anyone have experience or knowledge of where a JMC was entered into with the landowner, usually the parent, and the son or daughter planted the trees and collectes the premium. Any ideo of the issues that arise when the land is to be transferred to the child, or do any issues arise? Is the allowing of the use of the land…

20-02-2023 5:56pm

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[Deleted User]
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Anyone have experience or knowledge of where a JMC was entered into with the landowner, usually the parent, and the son or daughter planted the trees and collectes the premium. Any ideo of the issues that arise when the land is to be transferred to the child, or do any issues arise? Is the allowing of the use of the land seen as part of the tax-free allowance?

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