Valuing joint interests of land for IHT purposes
Series: Farm Tax Brief ; 19(6) July 2004, 1-3(3)Publication details: 2004Subject(s): Summary: Due to increased house prices, the value of a deceased's share of the family home has become an important element in the calculation of the Inheritance Tax liability. Although farming families are generally covered by the Agricultural Property Relief, there are occasions when the non-agricultural value of a partner's share needs to be considered. Discusses in particular the value of a husband's share where he dies first, looking at statutory law and case law.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68068 (Browse shelf(Opens below)) | 1 | Available | 126888-1001 |
Due to increased house prices, the value of a deceased's share of the family home has become an important element in the calculation of the Inheritance Tax liability. Although farming families are generally covered by the Agricultural Property Relief, there are occasions when the non-agricultural value of a partner's share needs to be considered. Discusses in particular the value of a husband's share where he dies first, looking at statutory law and case law.