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    Inheritance tax - Reliefs - Business property relief - 59050

    Business property relief (BPR) reduces the value of a transfer for IHT purposes on both life and death transfers, and relief is given automatically, before other reliefs and exemptions. Any tax remaining...

    81 year old denied business property relief

    The First-tier Tribunal (FTT) has decided that another furnished holiday letting business didn't qualify for business property relief (BPR). What could have been done to prevent a large inheritance tax...

    Incorporating your business - avoid an IHT trap

    There are various tax pros and cons when transferring your unincorporated business to a company. One of the cons can easily be overlooked and involves inheritance tax (IHT). What is it and how...

    Funding a company: avoid an IHT trap

    Your client owns a trading company that requires some extra capital. She is intending to take out a personal loan secured on her house to fund this. However, why might this lead to a problem...

    Farming clients: inheritance tax relief

    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....

    Avoiding the business property relief investment trap

    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...

    Inheritance tax planning with holding companies

    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....

    5. Can a property rental business ever qualify?

    5. Can a property rental business ever qualify?A business whose activities are wholly or mainly holding or making investments does not qualify for BPR. HMRC takes the view that most property businesses...

    Don’t let business property relief disappear

    Business property relief shelters the value of your business from the Taxman. The trouble is when you retire from your unincorporated business the relief disappears immediately. How can you preserve it?

    Why use an existing trading company to buy property?

    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...