Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Chapter IHTM24162

Document Cited authorities 1 Cited in Related
Vincent
Published date20 March 2016
Record NumberIHTM24162
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

Before referring the papers to the DV you will have identified the total extent of the agricultural property (IHTM24030) in the estate. This is important because the extent of the agricultural property will have an effect on the question of whether any farmhouses, cottages or farm buildings are ‘of a character appropriate’ (IHTM24050) to the agricultural land. The agricultural property in the estate may include property at other entries in which the deceased has a beneficial interest. (IHTM04031) It may also include qualifying agricultural property on which spouse or civil partner exemption (IHTM11032) is claimed but which nevertheless can be taken account of if the question of character appropriate is in point.

Where the IHT charge arises under IHTA84/S52 you should seek advice as necessary.

You need to advise the DV of all the agricultural property to which the deceased/transferor was entitled as at the date of death. For this purpose ‘property’ includes rights and interests of any description, and ‘land’ includes any estate, interest, easement, servitude or right in or over land.

You should include details of:

  • land in hand,
  • land subject to grazing and/or mowing licences, (IHTM24073)
  • any annual agricultural tenancies (IHTM24210) held by the deceased or transferor, including those to a...

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