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Tag: General, Private Client Wills and Probate, Private Client Tax and Trusts, Agriculture

Inheritance Tax on Agricultural Land ­Depends on Open Market Value

Inheritance Tax on Agricultural Land ­Depends on Open Market Value

Agricultural land, like any other asset, is ultimately worth what someone is willing to pay for it and the only sure means of assessing its value is to expose it to the open market. A tribunal made that point in ruling on an Inheritance Tax