Commentary

I7.103 BPR—rates of relief

IHT, trusts and estates

I7.103 BPR—rates of relief

I7.103 BPR—rates of relief

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

In relation to transfers of value made, and other events occurring, after 5 April 1996, the rates are as follows:

  1.  

    •     a 100% reduction in value applies to:

    1.  

      –     sole businesses and partnership interests2

    2.  

      –     unquoted voting securities (including AIM securities) of a company controlled by the transferor3

    3.  

      –     unquoted shares (including AIM shares)4

  2.  

    •     a 50% reduction in value

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