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Business Property Relief (Continued)

Why use a Business Property Relief Discretionary Trust?

Following on from the article last week, this article will cover the remaining conditions that must be met for a business to qualify for business property relief (BPR). Please note that the following should only be intended as a brief introduction to BPR. BPR is a complex area with several pitfalls. When it comes to … Read moreBusiness Property Relief (Continued)

Business Property Relief – Qualifying Businesses

Why use a Business Property Relief Discretionary Trust?

What is Business Property Relief? Business property relief (BPR) is a relief from inheritance tax (IHT) for certain business assets. When its conditions are met, the value of gifts of the business assets are reduced for IHT purposes by either 100% or 50%. The main aim of BPR is to reduce the risk of IHT … Read moreBusiness Property Relief – Qualifying Businesses

Business Property Relief (BPR)

Why use a Business Property Relief Discretionary Trust?

What is BPR? A relief applied to business property and can provide up to 100% relief from Inheritance Tax. There are a number of conditions which are required to be met: The business must be a qualifying business, The business must be what is referred to as ‘relevant business property’, and; Ownership conditions must be … Read moreBusiness Property Relief (BPR)