Let land for grazing may put inheritance tax relief at risk

Ashbridge, Ian
April 2008
Farmers Weekly;4/25/2008, p58
Trade Publication
The article discusses the ruling of Her Majesty's Revenue & Customs (HMRC) of Great Britain in a court case over inheritance tax reliefs in grazing arrangements. The HMRC has ruled that a family who owned land on the outskirts of Ballyclare in County Antrim, Northern Ireland could not claim business property relief (BPR) from inheritance tax after the death of the mother, as she had not been closely enough involved in the business. The family was unable to claim BPR because they have let land on conacre grazing agreements.


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