I7.103 BPR—Rates Of Relief

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Commentary

IHT, trusts and estates

For the latest New Developments, see ND.2740 and ND.2821.

'Relevant business property' is property in any of the various categories summarised below which also satisfies the further conditions detailed at I7.104¹. The relief is given at two different rates depending upon the type of property.

The 100% rate applies to:

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•�� a business (sole trade)

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C1.106 Allowable capital losses

B3.325 General exclusions—first-year qualifying expenditure

I7.323 APR and successions

I4.142A Liabilities which are not discharged out of the estate

B3.340A Hire purchase of plant and machinery and similar contracts

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