IHT value of tenancy in common share (Record no. 117180)

MARC details
000 -LEADER
fixed length control field 01365cam a2200205 4500
001 - CONTROL NUMBER
control field ABS67779
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 040407n2004 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u125782
245 ## - TITLE STATEMENT
Title IHT value of tenancy in common share
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2004
490 ## - SERIES STATEMENT
Series statement Farm Tax Brief
Volume/sequential designation 19(2) March 2004, 3-4(2)
520 ## - SUMMARY, ETC.
Summary, etc. Discusses the implications of "Williams' representatives v Inland Revenue Commissioners" (SPC/00392, 11 December 2003). The general principle is that the market value of the share of a joint owner of land is worth less than the relevant portion of the whole. However the Special Commissioner's decision in this case may require a rethink of this assumption. The Special Commissioner held that the value of the deceased's half share should be taken to be less than the mathematical half of the agreed value of the whole. This was decided on the basis that, if the property had been offered for sale prior to Williams' death, the purchaser of the half share would take it subject to the wife of the deceased's right to occupy the property for the rest of her life and that the deceased's half share was worth less than his wife's.
590 ## - LOCAL NOTE (RLIN)
Local note ABS
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element WILLIAMS' REPRESENTATIVES V INLAND REVENUE COMMISSIONERS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INHERITANCE TAX
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element MARKET VALUE
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element TAXATION-CASE LAW
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 07/04/2004   ABS67779 125782-1001 06/08/2019 1 06/08/2019 Journal article