APR and BPR: Attention to detail

18 St John Street Chambers | Trusts and Estates Law & Tax Journal | April 2020 #215
Christopher McNall analyses a recent First-tier Tribunal judgment that demonstrates the importance of thorough evidence in cases where the bases for reliefs are tested ‘The key issue, upon which the tribunal focused, was whether there existed “a functional connectivity” between Mr Gill’s occupation of the house and the agricultural activities that took place on the …

Continue reading "APR and BPR: Attention to detail"

This post is only available to members.

Business property relief: No holiday

Field Court Tax Chambers | Trusts and Estates Law & Tax Journal | November 2018 #201
The bar for a holiday lettings business to qualify for BPR is set increasingly high. Katherine Bullock outlines how to best advise clients ‘It does appear that, to be classified successfully as a non-investment business, a holiday letting business will need very significant services indeed to succeed; possibly even expenditure in excess of 65% of …

Continue reading "Business property relief: No holiday"

This post is only available to members.