Agricultural, Business and Heritage Property Relief

An expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property, and the only book on the market to cover all these reliefs in the same volume.

It discusses everyday situations that are likely to be encountered in practice and provides guidance on compliance, along with tips for saving clients' tax. It also contains numerous examples of pitfalls to avoid in this complex area of tax law.

This new edition covers the following developments:
- Revised HMRC guidance and interpretation on holding companies, LLPs, farmhouses and the level of discount, qualifying shares and clawback available
- Changes to the main residence nil rate band and the effect of business and agricultural reliefs and spouse exemptions
- Alignment of IHT/Estate Duty on heritage property
- More interest in heritage property relief, prompting more practical discussions/examples/crossover for farmhouses.

Numerous important cases are also referenced including these recent decisions:

- Graham (Deceased) v Revenue & Customs [2018] UKFTT 306 (TC) (on whether holiday letting arrangements were mainly a business of holding investments)
- Vigne (Deceased, Personal Representative of The Estate of) v Revenue and Customs [2017] UKFTT 632 (TC) (on whether a business did not consist 'wholly or mainly of making or holding investments')
- Williams & Ors v Revenue and Customs [2018] UKFTT 136 (TC) (on whether rental payments were deductible from the value of the business).

Un ghid expert al regulilor de scutire a impozitului pe succesiuni pentru afaceri, ferme, paduri si proprietati de patrimoniu si singura carte de pe piata care acopera toate aceste scutiri in acelasi volum. Discuta situatiile de zi cu zi care pot fi intalnite in practica si ofera indrumari privind conformitatea, impreuna cu sfaturi pentru economisirea taxei clientilor.