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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Valuing businesses and partnerships: liabilities - restricted reductions

The Finance Act 2013 contains provisions that restrict when, and to what extent, liabilities may be deducted against the estate. The restrictions include situations where money was borrowed to acquire, maintain or enhance assets that qualify for business relief. IHTM28010-28033 provide more details, with examples at IHTM28020.