With the 2020/21 tax year drawing to an end, it’s a good time to ensure that you are minimising your tax liabilities by maximising your reliefs…
Furnished holiday lettings and Business Property Relief
Inheritance tax (IHT) Business Property Relief (BPR) is intended to enable businesses to survive a death uninterrupted and so protect the jobs and other economic benefits that flow from the business to the wider community. Since 1992 BPR has been available at a rate of 100% and so provides a complete (and generous) exemption from IHT.