IHT agricultural property relief for farmhouses
Series: Farm Tax Brief ; August/September 2003, 4-5(2)Publication details: 2003Subject(s): Summary: Examines the case Rosser v Inland Revenue Commissioners [2003] SpC 368, [2003] STI 1152 where the Special Commissioners had to judge whether the farmhouse involved qualified for the IHT relief for agricultural property by 'of a character appropriate to the property'. In this case the house had been used a retirement home for the deceased and her husband and not as a farmhouse. Highlights the complications that could arise where a farmer gifts land but retains ownership of the house and where a farmer retires.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67208 (Browse shelf(Opens below)) | 1 | Available | 123950-1001 |
Examines the case Rosser v Inland Revenue Commissioners [2003] SpC 368, [2003] STI 1152 where the Special Commissioners had to judge whether the farmhouse involved qualified for the IHT relief for agricultural property by 'of a character appropriate to the property'. In this case the house had been used a retirement home for the deceased and her husband and not as a farmhouse. Highlights the complications that could arise where a farmer gifts land but retains ownership of the house and where a farmer retires.