The number of investigations that HMRC has opened into claims for agricultural property relief has increased by 28% in the last year, jumping from 217 investigations to 278 in the last 12 months, according to law firm Boodle Hatfield.
HMRC may reject a claim for agricultural property relief for a number of reasons, including:
After a farmer retires, there is also a risk that HMRC may no longer consider the farmland as being used for agricultural purposes.
The number of investigations that HMRC has opened into claims for agricultural property relief has increased by 28% in the last year, jumping from 217 investigations to 278 in the last 12 months, according to law firm Boodle Hatfield.
HMRC may reject a claim for agricultural property relief for a number of reasons, including:
After a farmer retires, there is also a risk that HMRC may no longer consider the farmland as being used for agricultural purposes.