Commentary

I7.104A Liabilities to finance business property

IHT, trusts and estates

I7.104A Liabilities to finance business property

I7.104A Liabilities to finance business property

Important provisions apply for liabilities incurred on or after 6 April 2013 in order to acquire, maintain or enhance the value of, inter alia, business property. The loan is to be primarily deducted from the value of the business property, notwithstanding the fact that it may not be secured on it, or may be secured on other property1.

Another provision that may sometimes be relevant is IHTA 1984, s 162(4), which provides that incumbrances are so far as possible taken to reduce the value of the property on which they are an incumbrance. Borrowings

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