The following Trusts and Inheritance Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
Business property relief (BPR) is likely to be one of several factors considered when deciding whether to acquire or hold the trading premises personally or through the owner-manager’s company.
For further information on ownership issues for the owner-manager, see the Personal or company ownership guidance note in the OMB module.
For a discussion of the basic principles of BPR, see the BPR overview guidance note.
The following points need to be considered from a BPR perspective.
Personally-owned land and buildings used wholly or mainly for the purposes of a co
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