Tax Tips & Advice

Inheritance Tax

  • Big subject
    • Most Farms looked at
    • Major major problems on IHT with Farms. Warnings were after Antrobus 2
    • 'Agricultural Value' IHTA 1984 s115(2)

Land values now attacked. Residential value now taken as higher than agricultural value.

Recent case

Valuer put £7,000 per acre on land – VO only accept £5,000 – uplift £2,000 subject to IHT.

FBT have same problem.

ATA 1995 does not protect APR in its entirety.

  • Other Issues
    • No holiday homes anymore BPR
    • Where debt lies
    • Part ownership Wight v's Commissioner
    • Pay CGT v's IHT
    • Spousal exemption good
    • Earl of Balfour case
Download Inheritance Tax Planning Sample Report

For an example of how we have helped a client look into their Inheritance Tax position, please click on this link.