Artificial rule: artificial value
Barr, A.
Artificial rule: artificial value - 1990 - Taxation 126 (3277) 15 November 1990, 178-181 (4) .
Discusses the LT for Scotland case Baird`s Executors v Inland Revenue Commissioners concerning the value of a tenants interest in an agricultural lease for capital transfer tax and inheritance tax purposes. The open market principle was applied.
INHERITANCE TAX ACT 1984 S22 4
SCOTLAND
TEST CASE
TRANSFER OF INTEREST
Valuation
Artificial rule: artificial value - 1990 - Taxation 126 (3277) 15 November 1990, 178-181 (4) .
Discusses the LT for Scotland case Baird`s Executors v Inland Revenue Commissioners concerning the value of a tenants interest in an agricultural lease for capital transfer tax and inheritance tax purposes. The open market principle was applied.
INHERITANCE TAX ACT 1984 S22 4
SCOTLAND
TEST CASE
TRANSFER OF INTEREST
Valuation