IHTM25271 - Caravan sites and furnished lettings: General
You should investigate whether the rule excluding investment
businesses (
IHTM25261) from business relief applies
if the business involves a caravan site, letting of furnished
accommodation, a furnished holiday letting or letting commercial
premises.
The two tests that need to be applied in these cases are:
- whether the activities carried on constitute a business for the purposes of IHTA84/S105 (1)(a); and
- if they do, is relief precluded because that business was one of “wholly or mainly holding investments”, IHTA84/S105 (3).
