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BPR Restrictions Could Hit Landowners


Landowners could see opportunities to claim Business Property Relief (BPR) much reduced, local land agents, Balfours has warned.

Second Report Published

This month (July) the Office of Tax Simplification (OTS) published their second report on their recommendations to make Inheritance Tax (IHT) simpler, more intuitive and easier to operate.

Balfours Associate Partner, Richard Corbet, explains: “BPR has allowed Inheritance tax relief to businesses and farms that do not consist wholly or mainly of holding investments.  Case law would suggest that this means that less than people 50% of ‘a business’ should be in holding investment assets, for it to qualify for the relief.  Many farms and estate businesses have benefitted from BPR across normally non-relievable investment assets because they constitute less than 50% of the business as a whole.

“However that could change as the OTS has recommended that BPR under IHT replicates that of Capital Gains Tax for holdover relief and entrepreneur’s relief that is claimable when there is ‘substantial’ trading activity of 80% as compared with 20% of investment activity."

Currently IHT accounts for less than one per cent of the Exchequer’s receipts, yet it is administratively complex with IHT forms needing to be completed after nearly 50% of deaths, however, only five per cent of deaths will ultimately contribute to the one percent. 

Mr Corbet adds: “These remain recommendations but if actioned it is clear that opportunities to shelter investment assets will be significantly reduced, if that is the case contingency plans for many farms and estates will have to be considered.”

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Rare Package For Sale In Shropshire


A unique opportunity to purchase a three bedroom home, with 11.5 acres and an abundance of buildings with a guide price of £450,000 has been launched to the market with Balfours.

Stables, Workshops, Barns And Land With Three Bedroom House

Situated near the picturesque hamlet of Great Ness, north of Shrewsbury, Fernlea is a modern house requiring refurbishment. It comes with some eight stables, kennels, barns, workshops and garages, perfect for those seeking a lifestyle with horses, other animals or even a vintage collection. The rural setting provides idyllic opportunities for hacking out, while the land, in two parcels, adjacent to the steading and close by is relatively flat and in good heart.

“This is one of those rare packages, where there is great potential. The location is just perfect, only nine miles from Shrewsbury and for many the fact that the house requires modernisation, but it is perfectly habitable will be seen as an opportunity at Fernlea,” says Alistair Hilton, head of sales at Balfours.

Currently the property provides an entrance hall with dining and living room either side, each has dual access both from the reception hall and from the kitchen, a pantry is also to be found off the kitchen with a rear hall to wc and garage. For more information call Balfours on 01743 353511.

For further details please visit our Property Sales Page.

Fernlea main

Fernlea barn

Fernlea field

Fernlea living

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Period House For Sale In Shrewsbury - Excellent Location


A period terraced town house located on the link between two of Shrewsbury town’s prestigious addresses, Swan Hill and St John’s Hill is on the market.

Three Bedrooms, Quiet Town Centre Location

Grade II listed, Number Severn Cross Hill, retains its commercial façade, providing opportunity for a homework, consultation base; or as is currently, the dining room featuring cast iron fire surround and plantation shutters – offering ample natural light and alternative privacy from this quiet street.

The dining room links directly to the kitchen, with a utility to the rear and access to the walled garden with brick garden stores. One of the three bedrooms is found on the first floor with the living room and bathroom. The second floor provides another two bedrooms together with a bathroom. A generous cellar is also part of the package.

Head of sales at Balfours, Alistair Hilton, comments: “The proximity of Number Seven should not be underestimated. It is in an excellent location, not only for the town centre with its many shops, restaurants and businesses, but also within a short walk of a variety of calibre schools, the Quarry Park and River.”

Number Seven, Cross Hill is marketed with a guide price of £350,000. For more information call Balfours on 01743 353511.

For further details please visit our Property Sales Page.


Crosshill main

Cross Hill 7 - Kitchen

Cross Hill 7 - Dining Room

Cross Hill 7 - Bedroom



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Large Town House With Additional Accommodation


This grade II listed townhouse is of generous proportions, with an annexed former consulting suite with planning permission to convert to residential accommodation.

Lavish Proportions

Walford House, Prees, dates back to the 18th century, with all of its rooms being of well-balanced lavish proportions. The entrance hall offers access to a large living room with feature fireplace and French doors to the extensive terrace and garden. Across the hallway is the breakfast room which directly joins the kitchen. The dining room sits opposite the kitchen and benefits from French doors also to the terrace and garden. While a boot room, with wet room and wc complete the ground floor, cellars below ground provide additional storage space.

There are four bedrooms on the first floor, together with a study, a family bathroom and a separate wc. The second floor provides an additional two generous bedrooms and two very good storage spaces, together with a large shower room.

Attached to the main house is the former surgery providing an additional 1,500 square feet, enough to provide a two bedroom annex, with its own front door. In addition a large two storey outbuilding offers general storage facility. Parking for three cars is to be found, together with the west facing garden surrounded by mature borders.

Agent, This email address is being protected from spambots. You need JavaScript enabled to view it. comments: “This is a wonderful package, with many facets and therefore with tremendous potential to be maximised in so many ways. While in the heart of a peaceful residential community, there is a thriving primary school and many other assets associated with a small town, including a train station running between Mancheser and Cardiff. The town is five miles each from Whitchurch and Wem.

Walford House is marketed with a guide price of £500,000, call Balfours on 01743 353511.

For further details please visit our Property Sales Page.


Walford House Exterior

Walford House Main

Walford House Dining Room

Walford House Living Room

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Traditional Estate Agents - Good Value


Home owners who are on the move have given the thumbs up to traditional estate agents.

According to vendors surveyed by estate agent comparison site “GetAgent” 84 per cent of house sellers said they used a traditional estate agent, with 69 per cent stating that the fee they paid represented good value for money.

The research has been welcomed by head of sales at Balfours, Alistair Hilton, who says: “Estate agency has seen some big changes over the past decade with the presence of online agents. However it would seem the traditional estate agent, where you have personal face to face contact remains hugely important when selling the most valuable asset most people own.”

The survey asked, when selling, to rate the service level provided out of ten, the average score was seven. However Alistair sets the bar high:  “At Balfours we want our clients to be 100% satisfied – and for that we go the extra mile; as a result 98% of homes marketed by us sell at or above the asking price.  Our clients tell us the two most important factors for them are the price and the speed of sale and one is partially, but not wholly, linked to the other.

According to GetAgent, while the low fixed fee of online agents seemed like the future of house selling, a number of high profile company collapses along with a consistent string of customer service failures has seen the market share fail to live up to expectations.

“Our clients tell us that they value the experience, advice and personal service of a traditional estate agent and that the challenges of the current market serve to endorse a good estate agent remains good value,” he adds.


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Unique Mix - Contemporary In Idyllic Setting


A contemporary property refurbished by the present owners to exacting standards and located in a stunning parkland setting is on the market with Balfours.

Futuristic Property

Four bedroom Maes Y Coed is found at Llanerchydol, a mile from Welshpool. It sits in an elevated picture postcard setting within the grounds of Llanerchydol Hall. Stainless steel feature entry gates set the scene for this futuristic property. There is ample parking plus a double attached garage with electric automatic doors.

Centre stage in the entrance hall and bathed in light is a steel and glass staircase, the entrance door is flanked either side by cloakroom and wc. Complementing the staircase design, frameless glass doors are to be found throughout the property, contributing to the bright, fresh look throughout.

The living room is found beyond double doors where in a bay window are inset with French doors which, together with a second pair, open to the designer terrace and extensive lawned garden.

Another set of double doors link to the kitchen diner where glazing to three aspects offers a bright room, where an island unit separates the two areas. Tempered glass worktops and gloss white units integrate top drawer appliances.

The galleried first floor offers an upper lounge area, the master room with en-suite, two additional double bedrooms - all having fitted wardrobes, plus bathroom and storage. The fourth bedroom is currently used as a study.

Charlie Giffard, Balfours Associate, Country House Sales, reflects: “This property is quite unique combining such stunning surrounds, including open views to Powis Castle, with such a fresh contemporary feel. Maes Y Coed is marketed with a guide price of £545,000, call Balfours on 01743 353511.

For further details please visit our Property Sales Page.

Maes Y Coed Main

Maes Y Coed Garden

Maes Y Coed Kitchen

Maes Y Coed Living Dining Room


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