This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

The business of providing serviced offices was wholly or mainly of making or holding investments

By Mark McLaughlin, January 2025

The nature of a company’s business of providing serviced offices was such that its business consisted wholly or mainly of making or holding investments, such that no business property relief was due for inheritance tax purposes. 

Summary 

The nature of a company’s business of managing serviced offices was such that its business consisted wholly or mainly of making or holding investments, such that no business property relief (BPR) was due for inheritance tax (IHT) purposes. 

Background 

The deceased (DLB) died on 18 September 2018. The appellant executors claimed BPR on the basis that DLB’s shares in a company (F) were relevant business property. The appellants claimed that F’s business consisted wholly or mainly of being the holding company of another company (N) whose business did not fall within IHTA 1984, s 105(3).  

F owned the

Subscribe to the McLaughlin’s Tax Case Library to get instant access
to the Tax Case Library.
14 day free trial , 90 day money back guarantee
Subscribe

Related or similar articles

Deceased was deemed UK domiciled and foreign properties were not excluded property
By Arthur Weller, December 2024
Fishery business was not eligible for relief
By Arthur Weller, December 2024
Furnished holiday lettings business was not relevant business property
By Mark McLaughlin, January 2021
Deceased’s executor refused permission to make a late appeal against an IHT determination
By Mark McLaughlin, May 2020
Donations To Political Party Did Not Qualify For Exemption
By Mark McLaughlin, February 2019