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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...

    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 business ever qualify?

    5. Can a property 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...

    Self-employed to company director - watch out for the loan trap

    Transferring your sole-trader business to a company can save you income tax. However, there are other taxes to consider, e.g. inheritance tax, for which the outcome can be costly. What steps...

    Transferring a business IHT free

    It’s time to pass the family business on to the next generation. This can be disruptive and have unwanted inheritance tax consequences. How can you reduce the risk?

    Advance planning for capital gains tax and inheritance tax

    Husband and wife clients have received an offer for the sale of their trading company. They are hoping to use some of the proceeds to provide for their family. What pre-sale planning can be done...

    Holiday letting business qualifies for business property relief from inheritance tax

    The First-tier Tribunal (FTT) has found that a letting business providing an exceptional level of services and amenities to guests could be regarded as a non-investment business and therefore...