Related Commentary  Related HMRC Manuals

125(1)  This section applies where–

(a)part of the value of a person’s estate immediately before his death is attributable to the value of land on which trees or underwood are growing but which is not agricultural property within the meaning of Chapter II of this Part of this Act, and

(b)either he was beneficially entitled to the land throughout the five years immediately preceding his death, or he became beneficially entitled to it otherwise than for a consideration in money or money’s worth.

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