Commentary

I7.305 General definition of agricultural property

IHT, trusts and estates

I7.305 General definition of agricultural property

Meaning of agricultural property

I7.305 General definition of agricultural property

'Agricultural property' is defined as agricultural land and pasture1 situated in the UK, the Channel Islands, the Isle of Man or the European Economic Area2. For further details as to what constitutes agricultural land and pasture see I7.306.

'Agriculture' is not defined in the IHT legislation but it is defined in both the Agricultural Holdings Act 19863 and the Town and Country Planning Act 19904.

HMRC, using the Acts as a guide5, states that in practice agriculture should be treated as including horticulture, fruit growing, seed growing, dairy farming,

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