Commentary

I7.112B BPR on unquoted shares

IHT, trusts and estates

I7.112B BPR on unquoted shares

I7.112B BPR on unquoted shares

For transfers after 5 April 1996 the principal business property relief (BPR) category in relation to companies is the relief for any unquoted shares in a company1, including AIM shares, and irrespective of the size of the holding or the proportion of the votes (if any) attached to it. Unquoted here means not listed on a recognised stock exchange2. For a list of stock exchanges recognised by HMRC see Recognised stock exchanges.

The rate of relief is 100%3. This relief category and rate of relief also apply to lifetime transfers made before 6 April 1996 for

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