Value of partnership share
Value of partnership share
- 1995
- Estates Gazette Case Summaries (1995) EGCS 191 (9/12/95) Times 11 December 1995, 33(2) .
"Walton`s Exors v Inland Revenue Commissioners" CA 30 November 1995. Deceased held 50% share in agricultural tenancy partnership. Question whether value of partnership 50% of value of tenancy. Lands Tribunal ruled value of tenancy to be determined on a projected profit rental basis. Appeal by Commissioners dismissed.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAPITAL TRANSFER TAX
HALF SHARE
PARTNERSHIP SHARE
VALUE OF TENANCY
VALUE
WALTONS EXECUTORS V INLAND REVENUE COMMISSIONERS
"Walton`s Exors v Inland Revenue Commissioners" CA 30 November 1995. Deceased held 50% share in agricultural tenancy partnership. Question whether value of partnership 50% of value of tenancy. Lands Tribunal ruled value of tenancy to be determined on a projected profit rental basis. Appeal by Commissioners dismissed.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAPITAL TRANSFER TAX
HALF SHARE
PARTNERSHIP SHARE
VALUE OF TENANCY
VALUE
WALTONS EXECUTORS V INLAND REVENUE COMMISSIONERS