Lloyds TSB (as personal representative of Antrobus dec’d) v IR Commrs (2002) Sp C 336
Dr Nuala Brice.
Decision released 17 October 2002.
Inheritance tax – Agricultural property relief – Freehold farmhouse owned and occupied by deceased – Whether farmhouse of a character appropriate to property – Inheritance Tax Act 1984, s. 115(2).
A farmhouse and the land occupied with it was held to be ‘of a character appropriate to the property’ within the meaning s. 115(2) of the Inheritance Tax Act 1984 for the purposes of claiming agricultural property relief.