Taxpayer Victory: Tribunal Grants Inheritance Tax Relief to Livery

Business Property Relief (BPR) can exempt assets from Inheritance Tax (IHT) on the basis that they were used in a genuine business, assuming all other qualifying criteria is met. It is not available where the business activity is wholly or predominantly holding investments. In The Estate of Maureen W Vigne (deceased) v HMRC [2017], HMRC … Continue reading Taxpayer Victory: Tribunal Grants Inheritance Tax Relief to Livery

Your Redundant Farm Building could be Restricting your Inheritance Tax Relief

Agricultural Property Relief (APR), if obtained, allows an individual to pass on agricultural property, either in their Will or during their lifetime, free of Inheritance Tax (IHT). Business Property Relief (BPR) reduces the IHT payable on a wider class of qualifying business assets when they are left in a Will or passed on during lifetime. … Continue reading Your Redundant Farm Building could be Restricting your Inheritance Tax Relief