Business property relief: Traps to avoid

Many business owners will be aware of business property relief (BPR) for inheritance tax (IHT) purposes, and some might assume that the value of their business interest will be sheltered from IHT by BPR. However, BPR (at the rate of 100% or 50%) is subject to various conditions and restrictions. This article outlines a selection […]

An Inheritance Tax-Free Rental Property Business?

Many individuals would like to have a rental property business, but may be concerned (among other things) about the possible eventual inheritance tax (IHT) liability on the value of the property portfolio. However, a valuable IHT relief may be available to alleviate the problem in certain circumstances. Business property relief (BPR) applies to various types […]