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Hi Alan, my client inherited a farm and has claimed business relief on the inheritance. She now wishes to lease some of the land which she inherited (about 15% in area) to a tenant and while continuing to farm the remainder of the land. Q: (1)if she leases 15% of the land within the six years after receiving the inheritance, will there be a claw back of the business relief in full or in part by revenue? (2)is there any tax implication for my client in leasing some of her land that she inherited?

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Asked on 15 April 2019 5:59 pm