This note looks at fishing rights, how they are held, presumptions of ownership in tidal and non-tidal waters and their acquisition by express grant and prescription. The note sets out information on the regulation of fishing rights by government agencies, including fishing byelaws, close seasons and restocking. It considers whether a lease of fishing rights could acquire security of tenure under the Landlord and Tenant Act 1954 (LTA 1954) and provides a brief overview of the tax consequences of a grant of fishing rights.