I am dealing with an estate where Deceased was a ‘sole trader’ for the purpose of a running a small livestock business.
He operated the business from his home which had a small curtilage of land and woodland. The livestock were grazed on 90 acres which the Deceased leased on a Farm Business Tenancy. The valuation confirms that APR is not available. I am not surprised, but note on the accounts that the house is listed as a Fixed Asset. I would have thought that we are OK to claim BPR for the tractors and machinery but cannot see where the house would fit in?
Am I missing something. Happy to be pointed in the right direction and would wish of course to claim all possible relief for the family.