Agricultural property relief

Background

Business property relief

Deeds of variation

Disclaimers

Exemptions and reliefs

Exit charge

Agricultural property relief

Business property relief

Calculation of tax

Charitable purposes, property held for

Depreciatory transactions by trustees, charge on

Employee trusts

Employee-ownership trust

Events within three months of charge

Exceptions from

Excluded income, property becoming

Exempt bodies

Maintenance funds for historic buildings

Outline

Payments of expenses or income

Possible double charge

Property ceasing to be relevant property, charge on

Relevant property, meaning

Settlements made before 27 March 1974

Settlements made on or after 27 March 1974

Undistributed income

Initial interest of settlor/spouse or civil partner

Legislation

National heritage property

Orders under Inheritance (Provision for Family and dependants) Act 1975

Relevant property regime

Ten-year charge

Accumulated and unaccumulated income

Calculation of tax

Exemptions from

Occasions of charge

Outline

Position where FA 2014 rules do not apply

Property added after commencement, re-calculation of special cumulation

Property leaving/re-entering discretionary fund

Reduced rate property not relevant property during 10-year period

Settlements made before 27 March 1974

Settlements made on or after 27 March 1974

Transfers between settlements