AGRICULTURAL PROPERTY RELIEF (APR)
14/04/2011
APR is a significant special relief for Inheritance Tax (IHT) which has the effect of reducing the agricultural value of agricultural property before IHT is applied to the net value. It is subject to various conditions. Several cases in recent years have explored the application of the relief to farmhouses and farm buildings. The relief was extended in FA 2009 to agricultural land in the European Economic Area (EEA).
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