IHTM24130 – Successive transfers: Introduction

IHTA84/S121 contains provisions where, in certain circumstances, agricultural relief may be allowed on a second transfer even though the occupation ( IHTM24070) and ownership ( IHTM24100 requirements ofIHTA84/S117 are not satisfied. These provisions operate as an alternative to IHTA84/S117 and dispense with the ‘minimum’ period for both the occupation and ownership tests.

In this respect, the provisions of IHTA84/S121 are quite different from those in IHTA84/S120 which apply to successions. ( IHTM24120)