Agricultural property relief demystified

Agricultural property relief (APR) is a popular topic at the Association of Taxation Technicians exam paper 5. It appears in most sittings in part I (short form questions).

Agricultural property relief is also commonly examined within the longer form questions in part II. It is therefore a subject which is worth getting on top of.

In our experience candidates seem to be reasonably comfortable with its ‘best friend’ business property relief (BPR) perhaps on account of having to deal with BPR issues more regularly in their practice work. However for those who do not have a farming client then APR can be something of a mystery.

This article will therefore refresh readers on the basics of APR as well as hoovering up some of the more esoteric bits of this very important relief.

What is agricultural property relief given on?

The relief is given on ‘agricultural...