Business Relief for Inheritance Tax

Business Relief for Inheritance Tax

Business Relief reduces the value of a business or its assets when working out how much Inheritance Tax has to be paid.
 
Any ownership of a business, or share of a business, is included in the estate for Inheritance Tax purposes.
 
You can get Business Relief of either 50% or 100% on some of an estate’s business assets, which can be passed on:

How to Claim Relief

As the executor of the will or administrator of the estate, you can claim Business Relief when you are valuing the estate.
 
You should fill in both:
You must use the market value of the business or asset when calculating relief at 50%.
 
You can claim relief on:
  • property and buildings
  • unlisted shares
  • machinery

See Also:

For further information: