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


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

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