Relief under IHTA 1984, s. 104 is given where value transferred by a transfer of value is attributable to ‘relevant business property’. There are six types of relevant business property, attracting relief at the following rates:

(1)a business or an interest in a business (100 per cent);

(2)a controlling shareholding in an unquoted company (100 per cent);

(3)a minority shareholding of shares in an unquoted company (100 per cent);

(4)a controlling shareholding in a quoted company (50 per cent);

(5)land, buildings, machinery or plant used in a business carried on by a company controlled by the transferor or by a partnership of which he is a partner (50 per cent); and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.