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Exploration of HMRC v Maureen Vigne

Julie Butler of Butler & Co considers the case of HMRC v The Personal Representative of Maureen Vigne on business property relief.

Exploration of HMRC v Maureen VigneThe successful result for the taxpayer at the Upper Tribunal (UT) in the Vigne case has highlighted that detailed preparation and careful presentation of a compelling case can be very positive in achieving business property relief (BPR) for inheritance tax (IHT).

The case of HMRC v The Personal Representative of Maureen Vigne (Deceased) [2018] UKUT 0357 turned on whether a livery stables was a business (thus qualifying for BPR) or consisted “wholly or mainly of … making or holding investments” (s105(3), Inheritance Tax Act 1984).