Commentary

I7.331 APR and companies—introduction

IHT, trusts and estates

I7.331 APR and companies—introduction

APR and companies

I7.331 APR and companies—introduction

Relief is given at 100% or 50% as appropriate on the whole or part of the value of shares in or securities ('shares') of a company if the requirements described below are met1. These rates are determined using the same tests that apply to other agricultural assets, such as a sole trade or partnership — see I7.304.

The main requirements are that:

  1.  

    (1)     the agricultural property must form part of the company's assets2

  2.  

    (2)     part of the value of the shares must be attributable to the agricultural value of the agricultural property3, and

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