Commentary

I7.365 Granting agricultural tenancies

IHT, trusts and estates

I7.365 Granting agricultural tenancies

I7.365 Granting agricultural tenancies

The granting of a tenancy of agricultural property in the UK, the Channel Islands or the Isle of Man for agricultural purposes is not a transfer of value by the grantor if he makes it for full consideration in money or money's worth1. For further information see I3.159.

The rate of APR applicable to agricultural property subject to a tenancy is 100% for tenancies beginning (or treated following the death of the previous tenant as beginning) after 31 August 19952. For a discussion of the rules regarding tenancies created by 31

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