Budget 2009 _ European Extensions to IHT Relief
Published / Last Updated on 22/04/2009
Budget 2009 - European Extensions to IHT Relief
The current relief from Inheritance Tax allowable for woodlands and agricultural property in the UK has now been extended to the European Economic Area.
Where property qualifies for either of these reliefs they will also qualify for Capital Gains Tax holdover relief.
The change took effect 22 April 2009 and will help to reduce Inheritance Tax due or paid on or after 23 April 2003.
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