F
form11
Guest
Person inherited agricultural land and qualified for agricultural relief two years ago
That person now wants to gift the land to his niece.
As he is disposing of the land within the six years from the date of inheritance will he have to pay the CAT tax as if he did not qualify for agricultural relief.
OR is the agricultural relief only clawed back if the land is sold rather than gifted. Does the term disposal of land for claw back included selling and gifting?
That person now wants to gift the land to his niece.
As he is disposing of the land within the six years from the date of inheritance will he have to pay the CAT tax as if he did not qualify for agricultural relief.
OR is the agricultural relief only clawed back if the land is sold rather than gifted. Does the term disposal of land for claw back included selling and gifting?