Business Relief for Inheritance Tax

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What qualifies for Business Relief

You can get 100% Business Relief on:

  • a business or interest in a business
  • shares in an unlisted company

You can get 50% Business Relief on:

  • shares controlling more than 50% of the voting rights in a listed company
  • land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled
  • land, buildings or machinery used in the business and held in a trust that it has the right to benefit from

You can only get relief if the deceased owned the business or asset for at least 2 years before they died.

What doesn바카라 사이트™t qualify for Business Relief

You can바카라 사이트™t claim Business Relief if the company:

  • mainly deals with securities, stocks or shares, land or buildings, or in making or holding investments
  • is a not-for-profit organisation
  • is being sold, unless the sale is to a company that will carry on the business and the estate will be paid mainly in shares of that company
  • is being wound up, unless this is part of a process to allow the business of the company to carry on

You can바카라 사이트™t claim Business Relief on an asset if it:

  • also qualifies for Agricultural Relief
  • wasn바카라 사이트™t used mainly for business in the 2 years before it was either passed on as a gift or as part of the will
  • isn바카라 사이트™t needed for future use in the business

If part of a non-qualifying asset is used in the business, that part might qualify for Business Relief.

Example If you use one room in a building as a shop and the other rooms are used as your home, the shop will qualify for Business Relief but the rooms won바카라 사이트™t.

Relief for agricultural property

You may be able to get Business Relief on a transfer of agricultural property (eg farmland, buildings or farm equipment) which isn바카라 사이트™t eligible for agricultural relief.

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