I7.101 Scope of BPR

Part I7     Special reliefs

Contents of Part I7

I7.1     Business property relief (BPR)

I7.3     Agricultural property relief (APR)

I7.4     Non-agricultural woodlands

I7.5     Heritage property

I7.6     Miscellaneous reliefs

Division I7.1     Business property relief (BPR)

For updates affecting this Division please see Part I0 Updates

Basic principles of business property relief (BPR)

I7.101 Scope of BPR

Business property relief (otherwise known as 'BPR', 'business relief' or 'relief for business property') is an important relief which reduces the value of business assets for IHT purposes. Subject to certain conditions, BPR can reduce the IHT payable on transfers of business assets to zero, making it a

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