The Upper Tribunal in The Commissioners for HMRC v Personal Representatives of Estate of Maureen Vigne [2018] UKUT 357 dismissed HMRC's appeal against the First Tier Tribunal (FTT) decision in Vigne Deceased, Personal Representative of The Estate of v Revenue and Customs [2017] UKFTT 632. The tribunal had decided that the late Mrs Maureen Vigne's livery business did not consist wholly or mainly of making or holding investments and accordingly was 'relevant business property', thereby qualifying for business property relief under the Inheritance Tax Act 1984 (IHTA 1984).
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