Business Property Relief

To qualify for Business Property Relief, the transferor, or the deceased, must have owned the property for at least two years. However, this rule can be relaxed where the asset was acquired on a death – in particular on the death of a husband or wife.

The relief does not apply to businesses that consist wholly, or mainly, of dealing in securities, stocks or shares, land or buildings, or making or holding investments and is only at a rate of 50% where the transfer is of a controlling shareholding in a listed company.