Antrobus II: valuing a farmhouse
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Article by Roger Jones, head of the Tax Consultancy Department at Larking Gowen in Norwich. This article appeared in the June 2006 issue of Tax Adviser.
The case known as Antrobus
first came to public attention in the latter part of 2002. When she died in 2001, Miss Antrobus carried on the trade of farming in Warwickshire. Her executors claimed agricultural property relief in respect of the farm property, including the farmhouse. As far as the house was concerned, the then Inland Revenue Capital Taxes Office denied the relief and the case was heard by the Special Commissioners. This was one of two similar cases heard at the same time, the other being Higginson
The executors of Miss Antrobus succeeded in their claim, though those in Higginson did not. It is interesting to note that neither case has progressed to a higher court, though there has been at least one subsequent case before the Special Commissioners.
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