Business Property Relief ("BPR")

Business Property Relief – Signpost

Business Property Relief – Signpost   Introduction   Business property relief (BPR) is an attractive relief. None more so than for unquoted shares in trading companies where the headline rate of relief is 100% of the value of the shares.   We have developed a number of articles that clarify 

Business property relief Caravan Parks

Business property relief Caravan Parks   Introduction   It is true to say that the caravan park industry is a somewhat varied industry.   On the one-hand, we have rather sophisticated holiday and leisure parks which are more akin to Center Parcs than the traditional pitch at a touring caravan 

Business Property Relief Furnished Holiday Lets

Business Property Relief Furnished Holiday Lets   Introduction   There are some odd beasts on this planet. But in the tax world, there is probably nothing so odd as the Furnished Holiday Let or FHL.   A FHL is for all intent and purposes an investment. However, if one meets 

Business property relief AIM shares

Business property relief AIM shares   Introduction   As we have seen in other articles in our business property relief signpost, Business property relief (BPR) is an incredibly attractive relief. This is no truer than for unquoted shares in trading companies. Here, the headline rate of relief is 100% of 

Business property relief excepted assets

Business property relief excepted assets   Background   Business property relief (BPR) is an attractive relief. None more so than for unquoted shares in trading companies where the headline rate of relief is 100% of the value of the shares.   For further information on business property relief in general 

Business property relief holding period

Business property relief holding period   General position   Generally speaking the relevant business property must be held for at least two years in order to qualify for relief.   The type of the business carried on by the business property does not have to be the same for the 

What is Business Property Relief (BPR)?

Understanding BPR – What is Business Property Relief? General Background on BPR Business Property Relief, often referred to its acronym BPR as shorthand, is an extremely attractive inheritance tax (“IHT”) relief. It potentially provides for a relief against IHT in respect of qualifying assets (relevant business property) in relation to 

Caravan Park Tax – CGT & IHT Issues

Caravan Park Tax – CGT & IHT Issues Introduction – Caravan Park Tax – The Facts & FAQs The caravan park industry is a rather varied one. At one end of the spectrum is the all-singing, all-dancing holiday and leisure parks. In many ways, it might be more like Center 

Badges of trade: is there a trading activity?

Badges of trade: is there are trading activity? Introduction – badges of trade Do not confuse the ‘badges of trade’ with the ‘badgers of trade’. Whilst the latter is an organisation of mercantile woodland creatures, the former is a set of key indicators that are used to determine whether a 

Furnished Holiday Lets & Business Property Relief

Business Property Relief and Furnished Holiday Lettings – To B(PR) or not to B(PR)? Tax Advice Update – The position on Furnished Holiday Lettings following the Graham Case… Where we are now following the Graham case? The Background IHT and Land-based businesses, have recently been something of a battleground between