Smoke and mirrors
MacPherson, Lisa
Smoke and mirrors - 2006 - Taxation 158(4087) 7 December 2006, 248-250(3) .
Discusses the case of Arnander and others v Revenue and Customs ([2006] UKSPC SPC00565) (L136910) where the executors argued for agricultural property relief for inheritance tax purposes on a farmhouse. Issues arising concerned whether the house had the characteristics of a farmhouse,and whether the building was disproportionately large compared to the land to be considered a farmhouse. The owner also appeared to have only a small part in farming operations. "Held": the executors failed to persuade the Land's Tribunal that the full value of the estate house could properly be regarded as agricultural value for the purpose of agricultural property relief.
McKennas' Executors v HM Renvenue and Customs Commissioners
ANTROBUS'S PERSONAL REPRESENTATIVE V TWIDDY (INLAND REVENUE CAPITAL TAXES)
CIV V JOHN M. WHITEFORD AND SON
LINDSAY V CIV
KORNER AND OTHERS V CIV
INHERITANCE TAX ACT 1984 S115
England--886-
Smoke and mirrors - 2006 - Taxation 158(4087) 7 December 2006, 248-250(3) .
Discusses the case of Arnander and others v Revenue and Customs ([2006] UKSPC SPC00565) (L136910) where the executors argued for agricultural property relief for inheritance tax purposes on a farmhouse. Issues arising concerned whether the house had the characteristics of a farmhouse,and whether the building was disproportionately large compared to the land to be considered a farmhouse. The owner also appeared to have only a small part in farming operations. "Held": the executors failed to persuade the Land's Tribunal that the full value of the estate house could properly be regarded as agricultural value for the purpose of agricultural property relief.
McKennas' Executors v HM Renvenue and Customs Commissioners
ANTROBUS'S PERSONAL REPRESENTATIVE V TWIDDY (INLAND REVENUE CAPITAL TAXES)
CIV V JOHN M. WHITEFORD AND SON
LINDSAY V CIV
KORNER AND OTHERS V CIV
INHERITANCE TAX ACT 1984 S115
England--886-