Valuing estate and interest therein for tax
Language: English Series: Times ; 24 February 1994, 38(2)Publication details: 1994Subject(s): Summary: "Gray v Inland Revenue Commissioners" CA 9 February 1994 concerned the valuation of farmland for capital transfer tax. Held that a tenanted freehold estate and a partnership interest which held the tenancy could be valued together as a single unit of property for CTT purposes. The Lands Tribunal has jurisdiction to value composite assets as an interest in land. (See Lady Fox`s Executors v IRC, LT ABS46487)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB3008-44 (Browse shelf(Opens below)) | 1 | Available | 76258-1001 |
"Gray v Inland Revenue Commissioners" CA 9 February 1994 concerned the valuation of farmland for capital transfer tax. Held that a tenanted freehold estate and a partnership interest which held the tenancy could be valued together as a single unit of property for CTT purposes. The Lands Tribunal has jurisdiction to value composite assets as an interest in land. (See Lady Fox`s Executors v IRC, LT ABS46487)