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So you think your shares qualify for BPR?

Shared from Tax Insider: So you think your shares qualify for BPR?
By Mark McLaughlin, July 2022

Mark McLaughlin looks at inheritance tax business property relief and highlights some issues and pitfalls that can apply to shares in unquoted trading companies. 

Business property relief (BPR) offers inheritance tax relief at 100% (or 50%) for transfers of value attributable to relevant business property, where certain conditions are satisfied. 

‘Relevant business property’ includes unquoted shares in a company, broadly where the business carried on by the company does not consist wholly or mainly of dealing in securities, stocks or shares, land or buildings or making or holding investments.  

Here are some practical issues for individual shareholders of such companies. 

AIM listed shares 

Shares listed only on the alternative investment market (AIM) are regarded as ‘unquoted’ for BPR purposes.  

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