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Another inheritance tax question
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Cathryn
Joined: 16 Jul 2005
Posts: 19856
Location: Ceredigion
Posted: Sun Mar 05, 06 8:40 pm Post subject: Another inheritance tax question
Do "minor" agricultural holdings count in relation to inheritance tax? I mean in the same way as any agricutural holding.
Am I being too cryptic here? Probably because I have just been on the Defra website!
dougal
Joined: 15 Jan 2005
Posts: 7184
Location: South Kent
Posted: Sun Mar 05, 06 10:53 pm Post subject:
I don't think that "minor" holdings are treated in any way differently for IHT purposes. (AFAIK its just a statistical distinction...)
There is an Agricultural Relief FAQ here:
https://www.hmrc.gov.uk/cto/customerguide/page17.htm
What would you have in mind?
Cathryn
Joined: 16 Jul 2005
Posts: 19856
Location: Ceredigion
Posted: Mon Mar 06, 06 7:38 am Post subject:
thanks Dougal - it's not my property but my Mums home - this will be really helpful.
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