A recent Inheritance Tax case has resulted in Agricultural Property Relief being given on a farmhouse with land of just over 16 acres and a greatly reduced level of farming activity.
This First-tier tax tribunal case was concerned with whether or not Agricultural Property Relief was available on a farmhouse. In particular the question of whether or not the farmhouse was of a character appropriate to the holding was considered in some detail.
For further information on this case please see the attached document.
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