Chapter IHTM24100

Published date20 March 2016
Record NumberIHTM24100
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

To satisfy the second alternative condition in IHTA/S117, the deceased/transferor must have owned the property concerned throughout the seven years immediately before the transfer and the property must have been occupied (IHTM24070) throughout the period for the purposes of agriculture (IHTM24060). The identity of the occupier is not material, but the continuity of such occupation is vital.

This general rule is relaxed where

  • where the property transferred replaced other relievable property, IHTA84/S118...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT