Commentary

I7.150B BPR and successive transfers

IHT, trusts and estates

I7.150B BPR and successive transfers

I7.150B BPR and successive transfers

If an interest in a business or a holding of shares or securities is transferred within two years of acquisition, the two-year rule cannot be complied with. The rule is, however, relaxed in certain circumstances provided either the acquisition or the transfer takes place on a death1. The result is that if A leaves property on his death to B, a subsequent transfer of the property by B can qualify for relief even if made less than two years after A's death. Also, if C makes a lifetime transfer to D and D dies within

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