Inheritance tax
Hewitt, Tom
Inheritance tax - 2007 - Farmland Market (67) Summer 2007, 10-11(2) .
Reports three key cases over the last five years which have implications for the availability of agricultural property relief (APR) for inheritance tax on farmhouses. Suggests that the Revenue will look closely at arrangements on the ground and that if the owner of the farmhouse is not the person making the day-to-day farming decisions then that house would be unlikely to qualify for APR. Discusses the possibilities of more farms having to be sold due to possible IHT bills.
United Kingdom--
Inheritance tax - 2007 - Farmland Market (67) Summer 2007, 10-11(2) .
Reports three key cases over the last five years which have implications for the availability of agricultural property relief (APR) for inheritance tax on farmhouses. Suggests that the Revenue will look closely at arrangements on the ground and that if the owner of the farmhouse is not the person making the day-to-day farming decisions then that house would be unlikely to qualify for APR. Discusses the possibilities of more farms having to be sold due to possible IHT bills.
United Kingdom--