The EU announced it would challenge the UK's inheritance tax reliefs for forestry.
The European Commission formally requested the United Kingdom to amend its legislation which provides for inheritance tax relief. If no satisfactory reaction is received the Commission may decide to refer the matter to the European Court of Justice.
The Commission is of the opinion that the UK should allow inheritance relief for all forestry property situated in other EU and EEA Member States, as is it does for similar property in the UK.
Last edited by justinb (2009-08-28 04:25:56)
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