Brown (surviving executor of Lady Fox, decd) v IRC

Brown (surviving executor of Lady Fox, decd) v IRC - 1994 - Simon`s Tax Intelligence (1994) 7 STI 208-210(3) .

CA 9 February 1994. The CA held that a freehold reversion in land and a partnership interest in the tenancy of the estate should be valued, as the Crown contended, as a single unit for capital transfer tax purposes under Finance Act 1975 s38.


PROPERTY-RURAL AND NATURAL ASSETS-AGRICULTURAL PROPERTY-AGRICULTURAL LAND
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAMBRIDGE
CAPITAL TRANSFER TAX
CCT
FARM PARTNERSHIP
FOXS EXECUTORS V INLAND REVENUE COMMISSIONERS
FREEHOLD REVERSION
GRAY V INLAND REVENUE COMMISSIONERS
GRAY V IRC
JURISDICTION
LADY FOX
PARTNERSHIP SHARE
SHARE
Valuation
VALUE