Farmer & Anor (Executors of Frederick Farmer dec'd) v IR Commrs (1999) Sp C 216
DR A N BRICE (SPECIAL COMMISSIONER)
9 September 1999
Inheritance tax - Relief for relevant business property - Deceased owned farming estate and letting some buildings and land to tenants - Whether business consisted mainly of making or holding investments - Inheritance Tax Act 1984 s. 103, 104, 105, 114
The issue was whether a farming business which let various buildings to tenants consisted mainly of making or holding investments for the purposes of inheritance tax relief for business property.
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