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    Inheritance tax - Reliefs - Business property relief - Application of the relief - 59190

    BPR reduces the value of a transfer, and the value of the property must therefore be established before the relief can be applied. For chargeable lifetime transfers, the eligibility for relief...

    3. The qualifying conditions

    3. The qualifying conditionsTo qualify for BPR, there are a number of conditions that must be met. These can be summarised as:the relevant business property requirementthe minimum period of ownership requirementthe...

    Borrowing for your business - avoiding an IHT trap

    If you were to die while owning a business, its value, while part of your estate, can qualify for relief from inheritance tax (IHT). But the relief might be eroded if you’ve borrowed money...

    Is your business loan an IHT time-bomb?

    Several years ago you borrowed money which you then lent to your company. Your accountant has told you that it should repay you to avoid an IHT trap. What’s the problem?

    Business property relief and double dipping

    Business property relief is one of the most valuable tax reliefs as it can take the value of assets outside the scope of inheritance tax. How can your clients use a strategy to utilise the relief more...

    IHT-efficient loans

    Debts you owe can reduce the IHT potentially payable on your estate. How can you structure them for maximum tax efficiency?

    Give away business assets IHT free

    If you give away business assets to your family, tricky inheritance tax rules could land your estate with an unexpected bill from HMRC. What steps can you take to avoid this happening?

    Who should you leave the family business to?

    Naturally, when you draw up your will you’ll want to do it in the most inheritance tax-efficient way, and allocating your assets to the right person is vital. With this in mind what’s the...

    New rules can reduce business property relief

    New rules, which aim to stamp out certain Inheritance Tax (IHT) avoidance debt schemes, will soon come into force. But as a side effect, anyone who has financed their business with personal loans might...