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Contents

Legislation
Inheritance Tax Act 1984

CHAPTER II AGRICULTURAL PROPERTY

  • Section 115 Preliminary.
  • Section 116 The relief.
  • Section 117 Minimum period of occupation or ownership.
  • Section 118 Replacements.
  • Section 119 Occupation by company or partnership.
  • Section 120 Successions.
  • Section 121 Successive transfers.
  • Section 122 Agricultural property of companies.
  • Section 123 Provisions supplementary to section 122.
  • Section 124 Contracts for sale.
  • Section 124A Transfers within seven years before death of transferor.
  • Section 124B Application of section 124A to replacement property.
  • Section 124C Environmental management agreements
  1. Chapter II · AGRICULTURAL PROPERTY
  2. Occupation by company or partnership.

Section 119 | Occupation by company or partnership.

From legislation.gov.uk

(1)For the purposes of sections 117 and 118 above, occupation by a company which is controlled by the transferor shall be treated as occupation by the transferor.

(2)For the purposes of sections 117 and 118 above, occupation of any property by a Scottish partnership shall, notwithstanding section 4(2) of the Partnership Act 1890, be treated as occupation of it by the partners.

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