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BPR and estates


22nd September 2017

If shares qualify for 100% business property relief no inheritance tax is payable but if those shares are left to a surviving spouse the relief is wasted as such transfers are covered by the spouse exemption.  If those shares pass to a child then BPR can be claimed.

If the child subsequently sells them back to the surviving spouse, who later dies holding these shares, you in effect can double the BPR available.

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