IHTM24100 – Ownership: Introduction

To satisfy the second alternative condition in IHTA/S117, the deceased/transferor must have owned the property concerned throughout the seven years immediately before the transfer and the property must have been occupied ( IHTM24070) throughout the period for the purposes of agriculture ( IHTM24060). The identity of the occupier is not material, but the continuity of such occupation is vital.

This general rule is relaxed where

• where the property transferred replaced other relievable property, IHTA84/S118 ( IHTM24111)
• where the deceased/transferor became entitled to the property on a death, IHTA84/S120 ( IHTM24121)