Landowner Joint Ventures in Taunton
If you own land in Taunton and want more than a land price, a joint venture lets you stay involved in what gets built. The structure might be a contract, a joint venture company or a partnership. Each has different implications for control, risk, tax and funding, so independent legal and tax advice is essential before you commit.
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Land and sites near Taunton
About 41 miles south-west of Bath, Taunton is part of our Somerset coverage, centred on postcode district TA1. Nearby, we also cover Bridgwater, Burnham-on-Sea and Tiverton, all within 19 miles. Taunton is in the South West region of England.
In and around Taunton, the land we appraise ranges from land behind street frontages to fields put forward or allocated in the local plan, including redundant commercial buildings. Because Taunton is in England, land titles are registered with HM Land Registry and transfers attract Stamp Duty Land Tax (SDLT).
Tell us where your land is around Taunton and we will explain the routes open to you.
What we offer in Taunton
Decisions and deadlock
The agreement should say who decides on design, pricing, contractors and programme, which matters need both parties' consent, and how any disagreement is resolved without stalling the project.
Sale or rent agreed together
Homes can be built for sale, for rent, or as affordable housing with a council or housing association. The mix affects risk and when money comes back, so it is agreed before work starts.
Advice before commitment
Joint ventures carry real commercial risk. We always recommend independent legal, tax and valuation advice, and we will say plainly if a straight sale or an option looks like a better fit for you.
Construction within the group
As part of the S&K Group, a construction and property group, Land to Homes plans schemes around homes it can build, keeping design, cost control and delivery closely connected.
Planning and land rules in Taunton
Land with no planning permission can still be sold. Around Taunton, the usual routes in England are a direct sale, an option agreement or a promotion agreement, where the planning work is funded for you and the land is sold once consent is granted. Outline planning permission settles the principle, with reserved matters approved later. Section 106 obligations, the Community Infrastructure Levy where charged and biodiversity net gain all affect what a site is worth, so independent advice matters.
In England, a joint venture scheme still has to meet the Local Plan, the NPPF and, where it applies, biodiversity net gain. Affordable housing is usually secured through a Section 106 agreement, which affects cash flow. If land is transferred into a joint venture company, Stamp Duty Land Tax can arise, and the transfer is registered at HM Land Registry.
| Local planning document | Local Plan |
|---|---|
| Who decides applications | The local planning authority, usually the district, borough, city or unitary council (or a national park authority) |
| How a sale becomes binding | A land sale becomes legally binding on exchange of contracts and finishes on completion, after which the buyer registers the title with HM Land Registry. |
| Developer contributions | Section 106 planning obligations, plus the Community Infrastructure Levy (CIL) where the council charges it |
Landowner Joint Ventures in Taunton: questions
Will a lender take a charge over my land in a joint venture?
Often, yes. Development lenders normally require security, and the land is the main asset. If your land is charged and the project fails, the lender may be able to sell it. Some structures delay transferring or charging the land, so take legal advice on how your interest is protected.
Do I have to put money into a joint venture?
Not always. In many landowner joint ventures the land is the landowner's whole contribution, while the developer arranges the rest of the funding. Some structures ask both parties to contribute cash. The agreement should state clearly whether any further contribution could ever be required from you, and in what circumstances.
Is a joint venture riskier than selling my land?
Usually, yes. A sale gives you a known figure. In a joint venture, what you receive depends on build costs, sales values, funding and timing, all of which can change. If the market falls or costs rise, your share could be less than a straight sale would have achieved, which is why advice before committing matters.
How is a property joint venture taxed?
It depends on the structure and your circumstances. Taking part in development can change how your proceeds are taxed, for example as income rather than a capital gain, and moving land into a company can trigger stamp duty or its equivalent in your nation. Speak to an accountant before agreeing any structure.
Do you buy land in Taunton?
Yes. Land to Homes looks at land in Taunton and elsewhere in Somerset, including Nailsea, Bath and Yeovil. Every enquiry starts with a free site appraisal, and on option and promotion agreements we pay your reasonable legal fees.
Read more: Landowner Joint Ventures · Guide: Landowner joint ventures explained: sharing in the development