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Chapter IHTM24014

Document Cited in Related
Vincent
Published date20 March 2016
Record NumberIHTM24014
CourtHM Revenue & Customs

Once you have collected all the information available, you will need to consider each element of the property separately. Remember that agricultural relief is not available unless the property includes agricultural land (IHTM24031) that is occupied for agricultural purposes (IHTM24060). Once you have established that you have qualifying agricultural land, you can then look at each of

  • the farmhouse, (IHTM24036)
  • farm buildings, (IHTM24035)
  • farm cottages, (IHTM24034)
  • woodland (IHTM24032)
  • any other elements

You should check that each satisfies the requirement that it is qualifying agricultural property (IHTM24030) occupied for the purposes of agriculture. When you are satisfied that these criteria have been met you can then

  • confirm the appropriate occupation (IHTM24070) or ownership (IHTM24100) conditions are met.
  • confirm the property was not subject to a binding contract for sale (IHTM24040) at the date of death/transfer
  • and finally, establish the rate of relief due (IHTM24140)

Remember that business relief (IHTM25131) might be available on some elements of the property even if agricultural relief is not. If...

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