Commentary

I7.310 Ownership of APR property

IHT, trusts and estates

I7.310 Ownership of APR property

Ownership and occupation of APR property

I7.310 Ownership of APR property

Occupation of the agricultural property is one way to qualify for relief1. The alternative is to satisfy the tests for ownership of the property2. Ownership has the disadvantage that the relevant period is seven years whereas it is two years for occupation.

The rules concerning ownership are as follows. The transferor has to own the property throughout the seven years immediately before the transfer. During the period of ownership the property must have been occupied for agricultural purposes3.

It does not matter who is in occupation — it does not

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