Many landowners are looking at leasing land for a solar farm. Rents of around £1,000 per acre, increasing with RPI for the next 21 years, are on offer depending on when a project will be commissioned. This level of return can be very attractive but, with changes expected to the Government incentives this level of return may not be available for very long.
Many landowners are currently talking to planning consultants and potential solar park developers to assess whether such a project is right for them. However, it is essential to consider the tax implications of letting land to a
solar developer at an early stage, certainly before signing up to an option with the developer or before a planning application is submitted. |