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No business property relief on lettings business

In a recent decision (Green v HMRC [2015] UKFTT 0236 (TC)) the First Tier Tax Tribunal (FTT) held that inheritance tax business property relief (BPR) did not apply to a furnished holiday letting business.

The FTT looked at the activity in a lot of detail, considering the nature of the additional services offered to guests and assessing the extent to which guests were actually paying for such services or were simply paying to stay in the accommodation.  The FTT came to the conclusion that the furnished holiday lets were an investment and that only minor hotel-like services were offered to guests.



Date: 2nd July, 2015
Author: Cathy Corns


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