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    Inheritance tax - Reliefs - Business property relief - Ownership requirements - Minimum ownership period - 59130

    To qualify for BPR the property must have: - been owned by the transferor throughout the 2 years immediately prior to the transfer; or - replaced other property which would have qualified for...

    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...

    Instant IHT protection on investment?

    Instant IHT protection on investment?..Increasing. 2017/18 was the first year that the new residence nil rate band applied to deceased estates. This was meant to ensure that people who have been snared...

    Immediate IHT relief for company owner managers

    You started your company with share capital plus a loan. There’s no prospect of the loan being repaid soon and so your accountant has suggested it’s converted to share capital for tax efficiency reasons....

    How not to lose business property relief

    The value of your business assets is protected from inheritance tax (IHT) by business property relief (BPR). But as soon as you contract to sell the business, BPR is lost. What steps can you...

    Pass on the family business but keep the tax advantage

    When you transfer your family business to the next generation how can you ensure they don’t miss out on the special inheritance tax relief that goes with it?

    Safeguarding your share of the family firm from IHT

    A special relief usually protects your business assets from Inheritance Tax (IHT). But protection can be lost where there’s a shareholders’/partners’ agreement in existence. What’s the...

    Shuffling assets to save IHT

    Not all assets are the same when it comes to Inheritance Tax. Some qualify for special reliefs while others don’t. What steps can you take to swap the taxable for the non-taxable?

    Passing your business to the next generation

    When you pass on the family business, you can make use of a special Inheritance Tax break. But without your guidance the next generation can easily scupper this and land themselves with a massive...

    Dodging IHT shareholders’ agreement trap

    To keep the shares in the family, shareholder/directors often enter into an agreement so that, in the event of death, their shares will be sold to the surviving shareholders. Is this something...