inheritance tax treatment of buy to let property

[thickmike]

friend inheriting land and hoping to claim ag. relief but has buy to let property. problem being we cannot find on revenue website is mortgage allowable against their 20% of non agricultural assets or just market value(market leaves them over 20% but mortgage not, as property in negitave equity) thanks in advance for replies

 

[Joe_90]

Value before mortgage. Mortgage on a family home is allowed but not on investments.

 

[Nige]

friend inheriting land and hoping to claim ag. relief but has buy to let property. problem being we cannot find on revenue website is mortgage allowable against their 20% of non agricultural assets or just market value(market leaves them over 20% but mortgage not, as property in negitave equity) thanks in advance for replies

No, the only debts that can be taken into account in calculating the "farmer test" is a mortgage on a person's principal private residence.