William Barr looks at inheritance tax and agricultural property relief after Antrobus 2, and McKenna
The farming community has been blessed with another inheritance tax case relating to agricultural property relief and the farmhouse.
Through successive cases, the advisers to farmers and landowners and the Revenue have shared the hope that one more case would bring about a situation of certainty so that even if the result was not popular it would at least be clear.
Antrobus 2 (Lloyds TSB Private Banking (Personal Representative of Rosemary Antrobus Decâ€™d) v CIR DET/47/2004) swung matters in favour of the Revenue. On its facts, it was a case to determine the extent to which a farmhouse that benefited from agricultural property relief actually enjoyed that rel...