- Identification and prioritisation of the economic, social and environmental objectives particular to different classes of rural estate owner.
- Identification and appraisal of estate property interests; financial and management resources and the opportunities each provides.
- Capital tax planning for estate owners.
- Preparation and audit of whole estate plans.
To achieve credit for this module, students must be able to:
- Assess a land owner’s objectives.
- Explain the need for capital tax planning in estate management.
- Devise strategic plans for rural estates to maximise property and other assets.
- Understand the context in which estate planning is undertaken with regard to corporate social responsibility and the contribution of rural estates to their surrounding communities.
- Advise landowners on the implementation of estate plans.
|Examination||Open book exam (2 hours)||40%|
Students should be familiar with the content of the following:
Nix, J., Hill, P., Williams, N. and Bough, J. (2003). Land and Estate Management. 4th ed. Packard Publishing.
- Bailey, I. (March 2010). Will the Diversity of Rural Estates in England Ensure Future Financial Success? Savills.
- Beedell, J. (Jul 2009). Working Positively with Rural Estates: The Scale and Contribution of Rural Estates and their Contribution to the East Midlands. East Midlands Development Agency.
- Envirosystems (2004). The Role of Rural Estates in the Regeneration of the Rural Economy; Assignment Report for Business Link Northumberland. One NorthEast.
- Savills Research Rural (Sep 2010). Estate Benchmarking Survey 2010. Savills.
- Forum for the Future (2006). Rural Estate Sustainability: Leading by Example. Forum for the Future.
- Prag, P. (2000). Rural Diversification. Estates Gazette.
- Sayers, J. (2005). The Future of Rural Land Management: Annual Fellowship in Rural Land Management Report no.1. RAC & RICS.