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    Inheritance tax - Reliefs - Business property relief - 59050

    Business property relief (BPR) reduces the value of a transfer for IHT purposes on both life and death transfers, and relief is given automatically, before other reliefs and exemptions. Any tax remaining...

    Inheritance tax - Reliefs - Agricultural property relief - Interaction of BPR and APR - 59470

    The scope of property qualifying for BPR is wider than APR, and so where APR is unavailable, BPR may still be useful. BPR and APR can be claimed on qualifying property situated within the EEA....

    Inheritance tax - Reliefs - Reliefs for falls in value - Relief for falls in value of lifetime transfers - Calculation of relief - 59640

    Where the value of the original transfer is reduced by business or agricultural property relief, the market value at the lower value date is reduced by the same percentage before it is deducted...

    Inheritance tax - Anti-avoidance measures - Close companies - Apportionment of a transfer of value - Calculation of the charge - 62480

    IHT will be chargeable on the amount apportioned to participators as if each had made a net transfer of value of that same amount. This amount will then need to be grossed up at the applicable...

    81 year old denied business property relief

    The First-tier Tribunal (FTT) has decided that another furnished holiday letting business didn't qualify for business property relief (BPR). What could have been done to prevent a large inheritance tax...

    Incorporating your business - avoid an IHT trap

    There are various tax pros and cons when transferring your unincorporated business to a company. One of the cons can easily be overlooked and involves inheritance tax (IHT). What is it and how...

    Funding a company: avoid an IHT trap

    Your client owns a trading company that requires some extra capital. She is intending to take out a personal loan secured on her house to fund this. However, why might this lead to a problem...

    Farming clients: inheritance tax relief

    One of your clients owns and operates a local farm. They are many years from retirement but have asked for a meeting to discuss relief from inheritance tax, particularly in relation to the large farmhouse....

    Avoiding the business property relief investment trap

    You might have heard that transferring ownership of your personal investments to your business can shelter them from inheritance tax (IHT). In theory it’s possible but you actually run the...

    Getting more out of IHT business property relief

    Business property relief can prevent your executors and beneficiaries having to pay an inheritance tax bill on the value of your business. However, it’s not well known that the tax relief is...