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    Inheritance tax - Reliefs - Agricultural property relief - 59295

    Agricultural property relief (APR) reduces the value of a transfer for IHT purposes on both lifetime and death transfers. In order to qualify for relief, the property must fall within the definition of...

    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...

    Trusts, settlements and estates - Capital gains tax and trusts - Disposal of assets by the trustees - General calculation - Principal private residence relief - 68120

    If a trust property is occupied by a beneficiary as a main residence, the trustees can claim principal private residence relief (PPR) (¶51930+) on its disposal. However, PPR is not available...

    Trusts, settlements and estates - Inheritance tax and trusts - Chargeable trusts - The 10-year charge - Calculation of tax - 69145

    On each occasion of a 10-year charge, relevant property is taxed at a maximum rate of 6%. The rate is calculated as 30% of the “effective rate”, which is itself determined by performing an...

    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 - Exempt (interest in possession) trusts - Reliefs and exemptions - On death - 69905

    The usual IHT reliefs are available, including business property relief (¶59050+) and agricultural property relief (¶59295+), where the life tenant fulfilled the relevant conditions.

    IHT reliefs

    IHT reliefsBusiness property relief (BPR)Amount of relief for:2018/192019/202020/21An interest in a business100%100%100%A farm tenancy held personally100%100%100%In shares in listed company giving control...