Agricultural Property Relief: Bear Traps for the unwary

Agricultural Property Relief: Bear Traps for the unwary

It is a general misconception that all agricultural land qualifies for agricultural property relief (APR) and that, as a consequence, any investment in such land is IHT effective. The primary legislation is contained in IHTA 1984, ss115 –124C but the language, whilst plain and concise, is in the main without depth and lacking precise definition.. Read more

Enquiry Closure Notices – Recent Case Decisions

Enquiry Closure Notices – Recent Case Decisions

At the end of a self assessment enquiry HMRC will issue an enquiry closure notice (s28A TMA 1970 and para 32 Schedule 18 FA 1998) confirming the Officer’s conclusions. If the taxpayer disagrees with the conclusions then the taxpayer may appeal against the notice and request an internal review or a hearing before the Tribunal. . Read more

BPro Tax

Tax Online

Online access to Bloomsbury Professional books, looseleafs and journals, across numerous practice areas. Free Trial