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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...
One of your clients owns and operates a local farm. They are many years from retirement but have asked for a meeting to discuss relief from inheritance tax, particularly in relation to the large farmhouse....
One of your clients owns and operates a local farm. They are many years from retirement but have asked for a meeting to discuss relief from inheritance tax, particularly in relation to the large farmhouse....
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...