The government has appealed, but this landmark case could see DIY yards benefit from tax relief in the future
A LANDMARK case which appeared to establish that DIY livery businesses can qualify for inheritance tax relief has been welcomed — but the government is appealing the decision.
Solicitors had previously advised clients that business property relief (BPR) did not apply to DIY businesses, as simply renting out land and stables classified as an “investment asset” rather than a key business asset.
But in an appeal heard by the tax tribunal, HMRC lost the right to refuse inheritance tax relief on the Buckinghamshire estate of the late Maureen Vigne, where she had run a livery business.
As well as pasture and stabling, the yard provided wormers and hay, and checked the horses.
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