I7.150B Minimum Period Of Ownership For BPR—Successive Transfers

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Commentary

IHT, trusts and estates

Where relevant business property has been held for less than the two year ownership period required¹ then relief may still be available on a chargeable transfer where the following conditions are all met:

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•�� the property qualified for BPR on an earlier transfer when the relevant business property became

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I4.265 Lifetime transfers reported late

I7.333A Companies and replacement APR property

C1.106 Allowable capital losses

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

I3.367 Fall in value relief—changes in interests in land

B2.306 General tests for distinguishing between capital and revenue expenditure

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