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Husband and wife jointly own farm land. This land has been farmed in husbands name for all years and herd number/farm payments/tax returns all in his name. On a disposal of this land to say a son, wife's share of land would not qualify for RR as it she would not satisfy the usage test for same. If they transferred the wife's share to husband prior to onward transfer to son, would this solve the issue. Husband would be deemed to have acquired the land at same date and cost as transferring spouse. Therefore on the subsequent transfer to son, the husband would have owed ALL of the land for the required time period. Is this a viable soultion?

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Asked on 22 May 2020 10:48 am
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