Diversification and the loss of agricultural property relief (Record no. 67095)

MARC details
000 -LEADER
fixed length control field 01491cam a2200253 4500
001 - CONTROL NUMBER
control field ABS64072
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 000000n2001 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u112704
245 ## - TITLE STATEMENT
Title Diversification and the loss of agricultural property relief
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2001
490 ## - SERIES STATEMENT
Series statement Farm Tax Brief
Volume/sequential designation 16(4) April 2001, 22-23(2)
520 ## - SUMMARY, ETC.
Summary, etc. Considers how attempts at farm diversification, such as adapting farmhouses for holiday lettings or business use could result in the loss of Agricultural Property Relief, as set out in the Inheritance Tax Act 1984. Highlights that Business Property Relief is an option for farmers directly involved in certain types of non-agricultural business, but this may only be available at a 50% rate and not all ventures would qualify. Discusses the case of "Special Commissioners in Farmer v IRC" {1999] SPC 216 where the various activities on an agricultural estate which included the letting of cottages and former farm buildings, were run as a single business and thus qualified for Business Property Relief. Copies of decision available from Finance and Tax Tribunals 020 7612 9656.
590 ## - LOCAL NOTE (RLIN)
Local note ABS
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 FARMHOUSES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element HOLIDAY LETTINGS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INHERITANCE TAX ACT 1984
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element BUSINESS PROPERTY RELIEFS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element AGRICULTURAL PROPERTY RELIEFS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element SPECIAL COMMISSIONERS IN FARMER V IRC
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element FARM DIVERSIFICATION
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element TAXATION
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 22/05/2001   ABS64072 112704-1001 06/08/2019 1 06/08/2019 Journal article