Commentary

I7.402 Non-agricultural woodlands—nature of the relief

IHT, trusts and estates

I7.402 Non-agricultural woodlands—nature of the relief

I7.402 Non-agricultural woodlands—nature of the relief

If any part of the value of a person's estate immediately before his death1 is attributable to the value of land in the UK or another EEA state2 on which trees or underwood are growing but which is not agricultural property3:

  1.  

    •     the value of the trees or underwood is left out of account in determining the value transferred on his death4, but

  2.  

    •     IHT is chargeable on any later disposal (see I7.404) of trees or underwood on the basis and at the rate prescribed5

Certain conditions (see I7.403) must be satisfied and the person

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