Where there is a portfolio of properties, which are all residential lets and have been held for many years, is it possible to establish the company has a trading company by offering services to the tenants similar to that of a holiday let. For example offering portridge, towels, cleaning, gardening, et cetera and thereby a huge amount of the company activity and trade activity is letting and managing the properties.
Would such activity entitle the business to relief such as entrepreneur relief, and business property relief so far as IHT is concerned?
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