Client has farmed land (Pastoral) themselves for many years and the estate would be eligible for Agricultural Property Relief.
They have been asked if they would be willing to let out a field 2-3 weekends a year for parking. No permanent infrastructure would be required and the field mown before use. A licence to use the land on a restricted basis would be granted rather than a lease.
I don't feel that this would adversely impact the any claim for this relief but can find no guidance on HMRC site.
Any pointers would be useful.
Thanks
Replies (2)
Please login or register to join the discussion.
Does the legislation clarify?
https://www.legislation.gov.uk/ukpga/1984/51/part/V/chapter/II