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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...

    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...

    Avoiding the business assets IHT trap

    Assets owned by your business can qualify for inheritance tax business property relief. However, despite views to the contrary, not all such assets qualify and those which don’t can jeopardise...

    Inheritance tax planning with holding companies

    One of your clients owns a trading company which is about to make an investment into a joint venture. They have asked for your advice as to whether this could jeopardise business property relief....

    2. What qualifies as a business for IHT purposes? - What does business property include?

    What does business property include?BPR can apply to a transfer where at least some of the value being transferred is attributable to relevant business property. Relevant business property is...

    3. The qualifying conditions

    3. The qualifying conditionsTo qualify for BPR, there are a number of conditions that must be met. These can be summarised as:the relevant business property requirementthe minimum period of ownership requirementthe...