Quote:
Originally Posted by Damien
Land is expensive but land that would be exempt from IHT is worth even more. That said, you can you build on the land you purchased? Land for which you can't get planning permission is worth even less irrespective of its scarcity.
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If you sell it or develop on it, that will attract tax.
The problem with inheritance tax is that you are forced to sell something to pay it. Where it involves a business of any sort, that business is likely to be destroyed.