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Tax: Taking it over the line
Firth sheds light on the inheritance tax treatment of furnished holiday lettings. Dr Christopher McNall discusses the case The key issue is whether property is ‘relevant business property’, so as to qualify for BPR, or simply part of the business of holding land, being ‘wholly or mainly… making or holding investments’. Business property relief (BPR) is …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Firth & anr v Revenue & Customs [2022] UKFTT 219 (TC); [2022] WTLR 1297 FTT (TC)
- George & anor v Inland Revenue [2003] EWCA Civ 1763; [2004] WTLR 75 CA
- Graham v HMRC [2018] UKFTT 0306 (TC); [2018] WTLR 911 FTT (TC)
- Green v HMRC [2015] UKFTT 334 (TC)
- HMRC v Pawson [2013] UKUT 50 (TCC); [2013] WTLR 469 UT (TCC)
- Pawson v HMRC [2012] UKFTT 51 (TC); [2012] WTLR 665 FTT (TC)
- Personal Representatives of the Estate of Vigne (Deceased) [2017] UKFTT 0632 (TC); [2017] WTLR 1193 FTT (TC)
- Ross v HMRC [2017] UKFTT 507 (TC); [2018] WTLR 1417 FTT (TC)
- The Commissioners for HM Revenue and Customs v The Personal Representatives of the Estate of Maureen Vigne (Deceased) [2018] UKUT 0357 (TCC)
- The Commissioners for HM Revenue and Customs v Thoresby Lockyer & anor (as The Personal Representatives of Nicolette Vivian Pawson, Deceased) [2013] EWCA Civ 1864