And how about Inheritance Tax?

It will initially be a Potentially Exempt Transfer, so it will drop off your Inheritance Tax record after seven years. If it is no longer used for agricultural purposes (i.e. is now purely residential) and you die before the seven years elapses, it will no longer be eligible for Agricultural Property Relief for Inheritance Tac purposes, but that will not affect the Capital Gains Tax holdover claim.

Agriculture & Rural Business FAQs

Cloud Accounting FAQs