No business property relief for ‘investment only’ cases

Business property relief should only apply when the land or property concerned is being used for genuine commercial activity.

It should not apply “where the underlying intention was to hold them as an investment rather than as an integral part of some other business activity”.

Judge Geraint Jones clarified the matter in a case before the First Tier Tax Tribunal.

Please contact us if you would advice about accountancy issues affecting your business.