Agricultural, Business and Heritage Property Relief 8th ed

Author: Chris Erwood
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526534460

Previous Edition ISBN: 9781526503763
Published In: March 2026
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 2,210.00

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Description
Contents

Details

An expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property, and the only book on the market to cover all these reliefs in the same volume.

Significant changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) were announced in the 2024 Autumn Budget. This new edition covers all of the changes which include:

The 100% relief which is currently available on all qualifying assets without any limit on value will be available only on the first £1m of assets (in total) with a rate of 50% for assets above this limit.
This will apply to transfers on death and in the seven years before death and will not be transferable to the spouse.
BPR on shares which are quoted on a recognised stock exchange but treated as unquoted (such as AIM) will be 50% from this date and will not be able to benefit from 100% relief.
Numerous important tax cases in this area will also be covered

The book discusses everyday situations that are likely to be encountered in practice and provides guidance on compliance, along with tips for making tax savings for clients. It also contains numerous examples of pitfalls to avoid in this complex area of tax law.

Chapter 1: Introduction

Chapter 2: Agricultural property: qualifying property

Chapter 3: Agricultural property: agricultural value, the rates of relief, occupation and other aspects

Chapter 4: Agricultural property: areas of particular concern

Chapter 5: Business property: property qualifying for the relief

Chapter 6: Business property: the rates of relief, limitations to the relief

Chapter 7: Relevant business property: exceptions to the relief: excepted assets

Chapter 8: Relevant business property: aspects of valuation and the treatment of liabilities

Chapter 9: Relevant business property: exceptions to the relief: 'wholly or mainly holding investments'

Chapter 10: Clawback

Chapter 11: Woodlands

Chapter 12: Overlap of APR and BPR