Chancery Division.

[The appeal against this decision is reported at [1984] BTC 8046.]

Judgment delivered on 2 December 1982.

Capital transfer tax – Notional transfer of assets on death – Relief for business property – Whether land on which business carried on a relevant business property – Whether land an asset used in business – Finance Act 1975, sec. 21-23; Sch. 4, para. 14(1),(2) Sch. 5, para. 3(1)Finance Act 1976, Sch. 10, para. 2(1), 3(1), 6Finance Act 1981, sec. 100(3).

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