Business and Agricultural Property Relief

Sixth Edition

By Toby Harris, Chris Erwood

This sixth edition is a practical guide to the rules of UK inheritance tax relief for business, farm, woodland, and heritage property. The book examines both UK legislation and case law in detail, and it provides worked examples to illustrate how principles of tax relief are applied in practice. Numerous references to HMRC guidance and Manuals are also included. The book discusses everyday situations that are likely to be encountered in practice and provides guidance on compliance, along with tips for saving clients' tax. Most importantly, it contains numerous examples of pitfalls to avoid in this complex area of tax law. It covers topics such as: What constitutes agricultural property? What is treated as business property? The definition of woodland. The types of property that attract heritage relief. How reliefs interact. How reliefs may be lost. Valuable planning ideas. Specific specialist subjects such as holiday lettings, horses, Lloyd's underwriters, heritage maintenance funds, and the treatment of royalties of deceased composers.~

Publication Date: 7/31/2014
Format: Paper
ISBN: 9781780435497