BPR can apply to IHT events arising on relevant property trusts. It can apply on an exit charge and on a 10–year charge. In both cases the BPR is set against the value transferred if it is available1 on that transfer.
However, BPR may also be used in computing the rate to be applied to the chargeable transfer and this works differently depending on the IHT event.
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:08