Introduction to Business Property Relief for Inheritance Tax
- Podcast Location:
- Download it here [file size: 25.1 MB]
- Categories:
-
Tax Law
Tax & Planning
- CPD Points:
- Up to 1 point. details »
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- Length:
- 30 minutes of audio
(+ optional 5 minute online quiz) - Plays on Computer:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
This podcast aims to familiarise (or refresh where necessary) practitioners with BPR, how it works and what it covers. It will review a couple of recent decisions concerning its interaction with its sister relief APR (agricultural property relief) and what counts as a business for the purposes of the legislation.
- Outcomes:
- After completing the course you will:
- Understand what BPR is and how it works;
- Understand how BPR is different from APR and how the two work together;
- Understand what is meant by ‘relevant business property’;
- Understand how BPR interacts with the relevant property regime for trusts.
- Level:
- Specialist
- Classification:
-
Case Update
Introduction
- Sources and References:
-
- McCall and Keenan v HMRC [2009] NICA 12;
- HMRC v Brander [2010] UKUT 300 (TCC);
- Farmer's Executors v IRC [1999] STC (SCD) 321;
- HMRC v The Trustees of the Nelson Dance Family Settlement [2009] EWHC 71 (Ch);
- Inheritance Tax Act 1984 ss 103-114.
This podcast, with a partner at Withers Worldwide, provides a good introduction to the important IHT relief for business assets known as Business Property Relief.
Podcast last reviewed: 2011-10-31
