IHTM25000 - Business relief and businesses: Contents

Introduction

  1. IHTM25001
    Introduction

Investigating business relief and businesses

  1. IHTM25011
    Investigating business relief and businesses: Introduction
  2. IHTM25012
    Investigating business relief and businesses: Reviewing form IHT413 or D38

Investigation in 100% relief cases

  1. IHTM25021
    Investigation in 100% relief cases: Introduction

Valuing businesses and partnerships

  1. IHTM25051
    Valuing businesses and partnerships: What is a business?
  2. IHTM25052
    Valuing businesses and partnerships: Business accounts
  3. IHTM25053
    Valuing businesses and partnerships: liabilities - restricted reductions.
  4. IHTM25060
    Valuing businesses and partnerships: Business terms

Valuing businesses and partnerships: Valuing the business

  1. IHTM25081
    Valuing businesses and partnerships: Valuing the business: Investigating the profit and loss account
  2. IHTM25082
    Valuing businesses and partnerships: Valuing the business: Investigating the balance sheet
  3. IHTM25083
    Valuing businesses and partnerships: Valuing the business: Adjusting the capital account

Valuing businesses and partnerships: What is a partnership

  1. IHTM25091
    Valuing businesses and partnerships: What is a partnership: Introduction
  2. IHTM25092
    Valuing businesses and partnerships: What is a partnership: Investigating partnership deeds
  3. IHTM25093
    Valuing businesses and partnerships: What is a partnership: Cases where there are no deeds
  4. IHTM25094
    Valuing businesses and partnerships: What is a partnership: Limited liability partnerships

Valuing businesses and partnerships: Valuing the partnership interest

  1. IHTM25101
    Valuing businesses and partnerships: Valuing the partnership interest: Introduction
  2. IHTM25102
    Valuing businesses and partnerships: Valuing the partnership interest: Partnership share
  3. IHTM25103
    Valuing businesses and partnerships: Valuing the partnership interest: The balance sheet
  4. IHTM25104
    Valuing businesses and partnerships: Valuing the partnership interest: Freehold and leasehold property
  5. IHTM25105
    Valuing businesses and partnerships: Valuing the partnership interest: Agricultural land tenanted by a partnership
  6. IHTM25106
    Valuing businesses and partnerships: Valuing the partnership interest: Agricultural land owned by deceased and occupied by a partnership
  7. IHTM25108
    Valuing businesses and partnerships: Valuing the partnership interest: Goodwill
  8. IHTM25109
    Valuing businesses and partnerships: Valuing the partnership interest: Livestock
  9. IHTM25110
    Valuing businesses and partnerships: Valuing the partnership interest: Other assets
  10. IHTM25111
    Valuing businesses and partnerships: Valuing the partnership interest: Sales
  11. IHTM25112
    Valuing businesses and partnerships: Valuing the partnership interest: Income Tax

Valuing businesses and partnerships: Valuing businesses and partnerships

  1. IHTM25120
    Valuing businesses and partnerships: Valuing businesses and partnerships: Fetters
  2. IHTM25121
    Valuing businesses and partnerships: Valuing businesses and partnerships: Relationship between business and agricultural relief
  3. IHTM25122
    Valuing businesses and partnerships: Valuing businesses and partnerships: Instalments
  4. IHTM25123
    Valuing businesses and partnerships: Valuing businesses and partnerships: Partnerships and lifetime transfers

Business relief

  1. IHTM25131
    Business relief: Outline of business relief

Business relief: Relevant Business Property

  1. IHTM25141
    Business relief: Relevant Business Property: Investigating Relevant Business Property

Business relief: Relevant Business Property: Business interests

  1. IHTM25151
    Business relief: Relevant Business Property - business interests: Rate of relief
  2. IHTM25152
    Business relief: Relevant Business Property - business interests: Property consisting of a business or a business interest
  3. IHTM25153
    Business relief: Relevant Business Property - business interests: Meaning of 'business'
  4. IHTM25154
    Business relief: Relevant Business Property - business interests: Settled property

Business relief: Shareholdings: Unquoted securities - control holding

  1. IHTM25171
    Business relief: Shareholdings - unquoted securities - control holding: Securities within s.105(1)(b)
  2. IHTM25172
    Business relief: Shareholdings - unquoted securities - control holding: When is the transferor required to have control?

Business relief: Shareholdings: Other holdings of unquoted shares

  1. IHTM25191
    Business relief: Shareholdings - other holdings of unquoted shares: Rate of relief
  2. IHTM25192
    Business relief: Shareholdings - other holdings of unquoted shares: Meaning of unquoted for business relief purposes
  3. IHTM25193
    Other holdings of unquoted shares: American Depositary Receipts

Business relief: Shareholdings: Control holdings of quoted shares or securities

  1. IHTM25201
    Business relief: Shareholdings - control holdings of quoted shares or securities: Rate of relief
  2. IHTM25202
    Business relief: Shareholdings - control holdings of quoted shares or securities: Transfers and shares within s.105(1)(cc)

Business relief: Relevant Business Property: Land and buildings, machinery and plant

  1. IHTM25221
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Rate of relief
  2. IHTM25222
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Property within s.105(1)(d)
  3. IHTM25223
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Additional user requirement
  4. IHTM25224
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Transferor’s interest in the occupying company or partnership
  5. IHTM25225
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Property used by a partnership
  6. IHTM25226
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Settled property
  7. IHTM25227
    Business relief: Relevant Business Property - land and buildings, machinery and plant: Machinery or plant

Business relief: Relevant Business Property: Settled property used in the life tenant's business

  1. IHTM25241
    Business relief: Relevant Business Property - settled property used in the life tenant's business: Rate of relief
  2. IHTM25242
    Business relief: Relevant Business Property - settled property used in the life tenant's business: Property within s.105(1)(e)
  3. IHTM25243
    Business relief: Relevant Business Property - settled property used in the life tenant's business: Scope of s.105(1)(e) in practice

Business relief: Other Relevant Business Property

  1. IHTM25250
    Business relief: Other Relevant Business Property: Partnership interests
  2. IHTM25251
    Business relief: Other Relevant Business Property: Woodlands syndicates
  3. IHTM25252
    Business Relief: Other Relevant Business Property: Agri-environment schemes
  4. IHTM25253
    Business Relief: Other Relevant Business Property: Land used under the Woodland and Peatland Carbon Codes

Business relief: Investment businesses

  1. IHTM25261
    Business relief: Investment businesses: Introduction
  2. IHTM25262
    Business relief: Investment businesses: Exceptions
  3. IHTM25263
    Business relief: Investment businesses: Holding companies
  4. IHTM25264
    Business relief: Investment businesses: Holding company and LLP examples
  5. IHTM25265
    Business relief: Investment businesses: Wholly or mainly
  6. IHTM25266
    Business relief: Investment businesses: Property based businesses

Business relief: Investment businesses: (Continued...)

  1. IHTM25271
    Business relief: Investment businesses: Property letting
  2. IHTM25272
    Business relief: Investment businesses: Property consisting of a business
  3. IHTM25273
    Business relief: Investment businesses: Meaning of 'investment'
  4. IHTM25274
    Business relief: Investment businesses: Land as a business asset
  5. IHTM25275
    Business relief: Investment businesses: Lettings of commercial premises
  6. IHTM25276
    Business relief: Investment businesses: Furnished lettings
  7. IHTM25277
    Business relief: Investment businesses: Hotels, Bed and Breakfast, Residential Homes and other accommodation
  8. IHTM25278
    Business relief: Investment businesses: Holiday lettings
  9. IHTM25279
    Business relief: Investment businesses: Caravan sites
  10. IHTM25280
    Business relief: Investment businesses: Other lettings

Business relief: Contracts for sale

  1. IHTM25291
    Business relief: Contracts for sale: Introduction
  2. IHTM25292
    Business relief: Contracts for sale: Shareholdings and partnership interests

Business relief: The ownership test

  1. IHTM25301
    Business relief: The ownership test: Introduction
  2. IHTM25302
    Business relief: The ownership test: Meaning of ownership
  3. IHTM25303
    Business relief: The ownership test: Changes in the nature of the business

Business relief: Replacement property

  1. IHTM25310
    Business relief: Replacement property: Introduction
  2. IHTM25311
    Business relief: Replacement property: Conditions
  3. IHTM25313
    Business relief: Replacement property: Limitation of relief
  4. IHTM25314
    Business relief: Replacement property: Minority holdings of unquoted shares

Business relief: Successions

  1. IHTM25321
    Business relief: Successions: Introduction

Business relief: Successive transfers

  1. IHTM25331
    Business relief: Successive transfers: Introduction
  2. IHTM25333
    Business relief: Successive transfers: Limitation of relief

Business relief: Assets excluded from relief

  1. IHTM25341
    Business relief: Assets excluded from relief: Introduction
  2. IHTM25342
    Business relief: Assets excluded from relief: Assets not used in the business

Business relief: Assets excluded from relief: Excepted assets

  1. IHTM25351
    Business relief: Assets excluded from relief - excepted assets: Introduction
  2. IHTM25352
    Business relief: Assets excluded from relief - excepted assets: Future use
  3. IHTM25353
    Business relief: Assets excluded from relief - excepted assets: Assets used for personal benefit
  4. IHTM25354
    Business relief: Assets excluded from relief - excepted assets: Part business use of land or buildings

Business relief: Lifetime transfers - additional conditions

  1. IHTM25361
    Business relief: Lifetime transfers - additional conditions: Introduction
  2. IHTM25363
    Business relief: Lifetime transfers - additional conditions: The two conditions
  3. IHTM25364
    Business relief: Lifetime transfers - additional conditions: Continuing ownership
  4. IHTM25365
    Business relief: Lifetime transfers - additional conditions: Remaining business property
  5. IHTM25366
    Business relief: Lifetime transfers - additional conditions: Transfers of shares and securities
  6. IHTM25367
    Business relief: Lifetime transfers - additional conditions: The transferee
  7. IHTM25368
    Business relief: Lifetime transfers - additional conditions: Failure to satisfy the conditions
  8. IHTM25369
    Business relief: Lifetime transfers - additional conditions: Replacement property
  9. IHTM25370
    Business relief: Lifetime transfers - additional conditions: Replacement property (additional rule for shares or securities)

Business relief: Gifts with reservation

  1. IHTM25381
    Business relief: Gifts with reservation: Introduction
  2. IHTM25382
    Business relief: Gifts with reservation: Notional transfer
  3. IHTM25383
    Business relief: Gifts with reservation: Rate of relief
  4. IHTM25384
    Business relief: Gifts with reservation: Replacement property

Agricultural Relief/Business Relief 100% relief allowances

  1. IHTM25500
    Section Overview
  2. IHTM25510
    Overview
  3. IHTM25520
    Individuals
  4. IHTM25521
    Individuals - transitional provisions
  5. IHTM25522
    Individuals - interests in possession within IHTA84/S49
  6. IHTM25523
    Individuals – apportionment – more than one chargeable transfer
  7. IHTM25524
    Individuals – apportionment – different titles of the estate on death
  8. IHTM25530
    Transfer of unused allowance
  9. IHTM25531
    Transfer of unused allowance – basic principles
  10. IHTM25532
    Transfer of unused allowance- focus is on extent to which the 100% relief allowance is unused
  11. IHTM25533
    Transfer of unused allowance - how to make the claim
  12. IHTM25534
    Transfer of unused allowance – time limits for claim
  13. IHTM25535
    Transfer of unused allowance - claims by people other than the personal representatives
  14. IHTM25536
    Transfer of unused allowance- reviewing form IHT 437
  15. IHTM25537
    Transfer of unused allowance - how the amount to be transferred is calculated
  16. IHTM25538
    Transfer of unused allowance - calculation where there is a lifetime transfer
  17. IHTM25539
    Transfer of unused allowance – calculation where the survivor has been married to more than one spouse or been in more than one civil partnership
  18. IHTM25540
    Transfer of unused allowance - calculation where the survivor was married to, or in a civil partnership with, someone who was entitled to 100% transferable allowance where no claim was made on the earlier death
  19. IHTM25541
    Transfer of unused allowance - simultaneous deaths
  20. IHTM25550
    Settlements - overview
  21. IHTM25551
    Settlements - “pre-commencement settlements”
  22. IHTM25552
    Settlements - relevant property settlements
  23. IHTM25553
    Settlements - transitional period - temporary relaxation of ownership and occupation conditions
  24. IHTM25554
    Settlements - special trusts (other than age 18-to-25 trusts)
  25. IHTM25555
    Settlements - 18-25 trusts
  26. IHTM25570
    50% rate – unlisted shares and securities
  27. IHTM25580
    Instalment option