Commentary

I7.333 Ownership and occupation of agricultural property by a company

IHT, trusts and estates

I7.333 Ownership and occupation of agricultural property by a company

I7.333 Ownership and occupation of agricultural property by a company

Ownership by company for APR

Ownership of the agricultural property by the company for the required period is the alternative to the occupation period, in the same way that it is for individuals.

The general rule is that the company must have owned the property throughout the seven years ending with the date of transfer1. During the period of ownership the property must have been occupied for agricultural purposes. It does not matter who is in occupation — it does not have to be the company or the transferor. In addition,

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