I have a situation where a mother and daughter farm under a partnership agreement. The daughter wants to develop the farm and will need to mortgage the farm. At the moment the mother has a life interest and the daughter and her sister are the remaindermen. The mother wishes to remain in the farm house. I am concerned about this being a PET and whether or not they would get APR , I am also concerned about CGT. Does anyone have any other suggestions of ways in which farms secure loans . The only other alternative would be the sale of the farm.