000 01329cab a2200253 4500
001 ABS68876
008 050310n2005 000 0 eng u
035 _a(Sirsi) u129015
245 _aFarmhouses, farm cottages and CGT deferment reliefs
260 _c2005
490 _aFarm Tax Brief
_v20(1) February 2005, 1-2(2)
520 _aProvides insights into the peculiarities of the Inheritance Tax relief for agricultural residential property and the relatively straightforward Capital Gains Tax (CGT) treatment of agricultural residential property and other assets passing on death. Discusses the case for making lifetime transfers of farmhouses and cottages and the procedures involved in doing this in varying circumstances. Concludes that currently farmers and other owners of agricultural property can make gifts of agricultural residential property without suffering an immediate CGT liability or removing the donee's right to claim the CGT private residence exemption in the future.
590 _aABS
650 _aAGRICULTURAL PROPERTY
650 _aTAX RELIEF
650 _aFARM HOUSES
650 _aFARM COTTAGES
650 _aCAPITAL GAINS TAX
650 _aINHERITANCE TAX
650 _aINHERITANCE TAX ACT 1984
650 _aTAXATION OF CHARGEABLE GAINS ACT 1992
690 _aTAXATION
942 _n0
999 _c74898
_d74898