A farmer, anticipating retirement, applied for and obtained planning permission for the development of land on his farm. He ran down the farming on that land, and applied for relief upon retirement.
Held: Retirement relief should be denied to him, since at the time of his retirement, the land no longer formed part of the farm he was running.
Citations:
Gazette 08-Sep-1993, Times 24-Jun-1993, Ind Summary 12-Jul-1993
Statutes:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 25 May 2022; Ref: scu.84664
