Revenue and Customs Commissioners v Personal Representatives of the Estate of Maureen M Vigne (deceased)

Inheritance tax – Exemptions and relief. The First-tier Tribunal (Tax Chamber) (the FTT) had correctly decided that the deceased's livery business had not consisted wholly or mainly of making or holding investments and had accordingly been 'relevant business property' thereby qualifying for business property relief under s 105 of the Inheritance Tax Act 1984. Consequently, taking the view that the FTT had applied the correct legal test and the conclusion it had reached had been one that it had been entitled to reach on the basis of the evidence before it, the Upper Tribunal (Tax and Chancery Chamber) dismissed the Revenue and Customs Commissioners' appeal against the FTT's decision.

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