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To be eligible for relief the property must: - be relevant business property; - have been owned for a minimum period; - not be subject to a binding contract for sale at the time of the transfer;...
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...
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...
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...
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....
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...
One of your clients owns a successful trading company. He is looking to purchase three investment properties to let out, and wants advice on whether to use the company to do so. How could this...
Business property relief can make a huge difference to how much your family receives from your estate. However, if you sell your business you lose the relief. The good news is that there are...
Transferring your sole-trader business to a company can save you income tax. However, there are other taxes to consider, e.g. inheritance tax, for which the outcome can be costly. What steps...
Inheritance tax (IHT) business property relief (BPR) can prevent unwelcome consequences of passing your business on to the next generation. It can also be used to improve the overall IHT position...