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BPR: When Best not to invest
James Hardaker and Tom Collins look at lessons to be learned from Best v HMRC [2014] ‘The message coming out of the Best decision is that it is becoming increasing difficulty for property letting or similar businesses to avoid being categorised as wholly or mainly investment companies for the purposes of IHT.’ Business Property Relief …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Best v HMRC [2014] WTLR 409
- Commissioners for HMRC v Lockyer (personal representatives of Pawson decd) [2013] WTLR 469
- George v IRC [2004] WTLR 75
- McCall v HMRC [2008] WTLR 865; [2009] NICA 12; [2009] WTLR 1823