Walton`s Executors v Inland Revenue Commissioners
Walton`s Executors v Inland Revenue Commissioners
- 1996
- Estates Gazette (9621) 25 May 1996, 144-148(5) .
CA 30 November 1995. IRC`s appeal against the decision of the Lands Tribunal (Abstract 51477) which had allowed by appeal by W, surviving executor of the will of John Headley Walton deceased, from a determination of IRC of a value of a partnership share of the deceased in an agricultural tenancy. Appeal dismissed. Raises questions of some general importance on the valuation for the purposes of CTT of the share of a partner in a farming partnership the assets of which include an agricultural tenancy of the farm.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAPITAL TRANSFER TAX
HALF SHARE
PARTNERSHIP SHARE
VALUATION ISSUES
VALUE
WALTON CASE
WALTONS EXECUTORS V INLAND REVENUE COMMISSIONERS
CA 30 November 1995. IRC`s appeal against the decision of the Lands Tribunal (Abstract 51477) which had allowed by appeal by W, surviving executor of the will of John Headley Walton deceased, from a determination of IRC of a value of a partnership share of the deceased in an agricultural tenancy. Appeal dismissed. Raises questions of some general importance on the valuation for the purposes of CTT of the share of a partner in a farming partnership the assets of which include an agricultural tenancy of the farm.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
CAPITAL TRANSFER TAX
HALF SHARE
PARTNERSHIP SHARE
VALUATION ISSUES
VALUE
WALTON CASE
WALTONS EXECUTORS V INLAND REVENUE COMMISSIONERS