Inheritance tax (IHT) relief at the rate of 100% is an attractive proposition. Business property relief (BPR) is available to business owners if certain conditions are satisfied. BPR at the 100% rate applies to ‘relevant business property’ including a business or interest in a business (in certain other cases, BPR is available at 50% instead).
In November's issue of Property Tax Insider, Mark McLaughlin highlights a recent tax case in which inheritance tax business property relief was held to be available on holiday lettings.
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>> IHT And Holiday Lettings: A (Rare!) Business Property Relief Success
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