Inheritance Tax - Farmhouse granted agricultural property relief, despite limited farming activity

The First-tier Tax Tribunal has granted agricultural property relief on a Lancashire farmer's farmhouse and outbuildings, despite HMRC’s attempt to deny it because he had nothing but a vegetable patch and some grazing land that he rented out. The tribunal took the view that the business was a working farm and not just the holding of investments (Charnley v HMRC, 2019 UKFTT 0650 TC).

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