Commentary

I8.243B Interaction with business relief

IHT, trusts and estates

I8.243B Interaction with business relief

I8.243B Interaction with business relief

The availability of 100% business1 or agricultural2 relief can completely counteract the effect of the related property rules applying; indeed, it may be precisely because the related property rules apply that 100% relief is available3.

A gift of part of a majority holding of quoted shares qualifying for business relief, and the retention of a minority holding will mean that the 50% business relief available to a quoted majority holding can no longer apply to the retained property4. Similarly, a gift of part of a majority holding of company shares qualifying for agricultural relief

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