I am very much at the 'amateur' end of being a commercial property landlord, with three properties - a factory, an office and a shop.
These are owned personally, and rented to unconnected third parties.
Is business property relief available when the reaper calls, or is that only if one is actually carrying out a trade from within the buildings?
Replies (2)
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No, no relief for IHT as you do not use them in a trade.
https://www.rossmartin.co.uk/index.php/private-client-a-estate-planning/...
https://uk.practicallaw.thomsonreuters.com/1-530-5967?transitionType=Def...(sc.Default)&firstPage=true&bhcp=1
A intresting read for you https://www.rossmartin.co.uk/index.php/private-client-a-estate-planning/...