On Thu, 28 Aug 2003 08:29:10 +0000 (UTC), "Moby Dick"
wrote:

I have read down all the answers so far and this is the first one to mention
'length of time' for the holders. Had you thought of this? What happens if
you want the land back in 'x' years? What happens if you sell your bit of
land especially if it is part of your house's land? and here is another
thought, what are your 'liabilities' with regard to your house and 'renting
out' the land? Are you allowed to? Is it in your deeds that you are not
allowed to?

Also, you will probably find you have to have some sort of public
liablity insurance so that if a member of the public is injured on
your 'business premises' they can claim against that insurance. I
don't know the tax laws in Ireland, but in England if any part of a
property is used for a business, then Capital Gains Tax has to be paid
on a proportion of any selling price if that property is sold at a
later date. You might also find that you end up having to pay some
sort of business rates for both the land and water (if you decide to
provide water).

Personally, although it's a lovely idea, I would be too nervous about
what the potential costs could be, and the risks involved.

Julie S