000			01244cab a22002175a 4500
001			L146265
008			081223s2008 xxk f v 000 0 eng d
035			_a(Sirsi) u146265
041	0		_aeng
100	1		_aPhillips, Steven
245	0	0	_aNew ruling threatens business relief
260			_c2008
490		0	_aFarmland Market _v(70) Winter 2008, 14-15(2)
520			_aSummarises the case of Philip Norman McCall (2) Bernard Joseph Anthony Keenan (as personal representatives of Eileen McClean, deceased) v HMRC Revenue and Customs Commissioners, [2008] STC (SCD) 752, 7 April 2008. The Commissioners found that although the tending and letting of fields to graziers constituted a business, it was one which consisted wholly or mainly of the holding of an investment and so the land was not a relevant business property for the purposes of the Inheritance Tax Act 1984 S105. The case shows that letting land on popular grazing agreements could jeopardise tax relief.
590			_aKA
650	2	4	_aINHERITANCE TAX ACT 1984 S105
651		4	_aUnited Kingdom _y
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION-INHERITANCE VALUATION
690			_aPROPERTY-PROPERTY TAXATION-PROPERTY TAX ALLOWANCES-CAPITAL ALLOWANCES
942			_n0
999			_c81109 _d81109