Agricultural, Business and Heritage Property Relief

An expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property, and the only book on the market to cover all these reliefs in the same volume.

Significant changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) were announced in the 2024 Autumn Budget. This new edition covers all of the changes which include:

- The 100% relief which is currently available on all qualifying assets without any limit on value will be available only on the first £1m of assets (in total) with a rate of 50% for assets above this limit.
- This will apply to transfers on death and in the seven years before death and will not be transferable to the spouse.
- BPR on shares which are quoted on a recognised stock exchange but treated as unquoted (such as AIM) will be 50% from this date and will not be able to benefit from 100% relief.
- Numerous important tax cases in this area will also be covered.

The book discusses everyday situations that are likely to be encountered in practice and provides guidance on compliance, along with tips for making tax savings for clients. It also contains numerous examples of pitfalls to avoid in this complex area of tax law.