Taxes are one of life's few certainties as,
increasingly, are arguments over whether the system has become too
complex for its own good, belying one of its simple objectives
"to help or encourage particular types of individuals,
activities or products for economic or social
objectives".
A general observation that the complexities of available reliefs
are hindering rather than helping their use (or are contributing to
their misuse) is being given credence by a series of consultations
and surveys carried out by the Office for Tax Simplification, the
Treasury, and HMRC to gauge awareness and usage.
Reliefs on business and agricultural assets deployed to keep
them intact
At the end of last year, HMRC published the results of a (albeit
limited) survey into Business Property Relief (BPR) and
Agricultural Property Relief (APR). The catchily titled
'The influence of Inheritance Tax reliefs and exemptions on
estate planning and inheritances' intimated concerns
