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we have 76.5 acres in north yorkshire,and would like to pass

Customer Question

we have 76.5 acres in north yorkshire,and would like to pass it on to our daughter when we both can we avoid inheritance tax.
Submitted: 3 years ago.
Category: Tax
Expert:  bigduckontax replied 3 years ago.
Hello, I'm Keith and happy to help you with your question.

Always bear in mind Benjamin Franklin's dictum that in life there are but two certainties, death and taxes. There are special reliefs for agricultural land, but the rules are highly complex. Just for starters is the land let out and if so when did the tenancy commence?

When I have this information I can proceed further for you.