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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Unlisted shares: Rate of relief

IHTA84/S122 (3) gives relief at 100% under IHTA84/S116 (2)(a) where

  • the company’s interest in the agricultural property (IHTM24030) carries the right to vacant possession (IHTM24140) (or the right to obtain it within 12 or 24 months), or
  • if the transitional provisions apply

and at 50%, in other situations.