Contents of Part I7
I7.1ÌýÌýÌýÌý Business property relief (BPR)
I7.3ÌýÌýÌýÌý Agricultural property relief (APR)
I7.4ÌýÌýÌýÌý Non-agricultural woodlands
I7.5ÌýÌýÌýÌý Heritage property
I7.6ÌýÌýÌýÌý Miscellaneous reliefs
Division I7.1ÌýÌýÌýÌý Business property relief (BPR)
For updates affecting this Division please see Part I0 Updates
Basic outline of the business property relief (BPR) regime
I7.101 Business property relief (BPR)—overview
Business property relief (BPR), sometimes known as business relief is a key relief from IHT, reducing the value of business property chargeable to IHT. BPR reduces the transfer of value before any other exemptions or reliefs are deducted. BPR is available for chargeable transfers on death, in lifetime and for trustees on exit charges and ten year charges. For transfers by trustees see I7.161–I7.161B.
It is available on relevant business property at either 50% or 100%. For rates of relief applicable to particular types of property see I7.103.
A detailed discussion of what is relevant property can be found at I7.104.
The business concerned
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