Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, 5 May 2014

Earl, mountain, taxes pay for sale

6 may 2014 last changed to 05:18 The Earl of Lonsdale, Hugh Lowther, and his wife Lady Lonsdale the Earl of Lonsdale, pictured here with his wife Lady Lonsdale, put for sale mountain on the market for £1.75 m, an aristocrat who tries a mountain to a hefty tax liability pay off, said he chose to shift the Summit to remove people from their homes.

The Earl of Lonsdale, Hugh Lowther, mounted mountain Lakeland 2,850 ft (869 m) for £1. 75 m.

He said it was either, or break the Lonsdale property, which for hundreds of years in his family.

Earl has forced a £9 m tax debt Blencathra in a bid to sell his father's inheritance rules.

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that my family have owned Blencathra and his Manor for over 400 years, so the sale of this legendary property will be a great loss'

End quote Hugh Lowther Lord Lonsdale Hey told the BBC that the placing on the market of 2676-acre plot his best option, the means to increase.

"We don't want to make progress in the core of the estate", he said.

"And we do not want to remove tenanted farmers and other tenants, and what have you from their homes, so we may have to sell them."

Feudal Lordship

Who buys the tip is, entitled to use the title Lord of the Manor of Threlkeld.

The feudal Lordship at the College of arms, the new owner can apply for their own individual coat of arms.

Also grazing rights, for 5.471 ewes, 732 Hogg [young sheep] and 200 lambs.

Blencathra, which is known due to its characteristic form as Saddleback, was once described as "one of the most spectacular objects in Lakeland and one of the most famous" by the renowned Guidebook author Alfred Wainwright.

He attracts walkers and tourists from all over the world and can be seen over a large area of Northern Cumbria.

BlencarthaThe new owner will request their own coat of arms Cover of sale brochure for Blencathra mountain Blencathra here, is on a sales brochure described as "one of the most spectacular objects in Lakeland"

Lord Lonsdale said: "my family have owned Blencathra and his Manor so will be a great loss for over 400 years, the sale of this legendary property.

"But we must realize the following capital for inheritance tax, that the death of my father in 2006 and our goal remains the core parts of the Lonsdale stands intact, as far as possible."

John Robson, who managed the sale of the mountain, said it was a "once in a lifetime"-opportunity to buy "one of the jewels in the Crown of Lakeland".

Comparing mountain buying market, that the jewelry and art, said Lord Robson he expected the buyer someone looking for something to future generations passed.

He said "Someone who has obviously a degree pass on disposable income and what they really want, to future generations,".

"You want something in the Lake District, which is easily recognizable, and there is a similar market jewelry or a landscape painting."

He said that the BBC was unlike anything the mountain, which he had previously treated.

He said "If you really hasn't sold it a 2,500-acre farm, that would be at home, as a beautiful farm write".

"Here, you have something that you - a landscape can look at."

BlencarthaThe new owner also grazing rights for 5.471 ewes, 732 Hogg and 200 lambs The Earl of Lonsdale, Hugh Lowther, and his wife Lady Lonsdale Lord Lonsdale says that selling the "iconic property will be a great loss" Blencartha Earl tried to pay money for a tax debt of a reported 9 GBP

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