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    Trusts, settlements and estates - Inheritance tax and trusts - Chargeable trusts - Reliefs - Business and agricultural property - 69340

    Business property relief (BPR) (¶59050+) and agricultural property relief (APR) (¶59295+) reduce the value transferred. For chargeable trusts, there are two ways in which the amount of tax...

    Trusts, settlements and estates - Inheritance tax and trusts - Chargeable trusts - Reliefs - Business and agricultural property - Exit charge - 69355

    An exit charge arising before the first 10-year charge is based on the initial value of the settled property on the creation of the trust. BPR and APR will not be available to reduce the initial value...

    Passing on the family company tax efficiently

    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...