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Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.1 Business property relief (BPR) /Gifts with reservation—application of BPR / I7.170 BPR on property subject to a reservation

I7.170 BPR on property subject to a reservation

IHT, trusts and estates

I7.170 BPR on property subject to a reservation

A gift with reservation¹ can still receive BPR².

A chargeable transfer will occur on the death of the donor or on a release of the reservation. A release of the reservation is treated as a deemed PET and will become chargeable

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E5.406A Employees of European Union institutions—tax exemptions

A4.204 Claims procedure—corporation tax

I7.504 Designation for the conditional exemption

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

C2.1020 Employment-related securities options and capital gains

I9.325 Foreign pensions free from IHT

A4.214 Claims following further assessments—income tax and capital gains tax

B2.413 Car hire

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E4.622 Vans—main rules

B5.812A Particular charitable bodies

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

E4.115 Employment income—place of performance of duties

I5.1212 Protector of a foreign trust

E7.234 Other types of lifetime benefit lump sum

C2.106 Deferred and contingent consideration on disposals

D4.412 CFCs—excluded territories exemption

I5.1304 Beneficiary with contingent interest

E6.102K Statutory residence test—the definition of a 'home'