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HMRC internal manual

Shares and Assets Valuation Manual

From
HM Revenue & Customs
Updated
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IHT Business Property Relief: Appendix 1 - Business Relief rates

 

  BUSINESS RELIEF RATES
  No relief was available before 7 April 1976

 

 

  Effective dates Rate of relief  
Control Holdings 07/04/76 - 26/10/77 30% s.73 & Sch 10 FA 78
  27/10/77 - 09/03/92 50% s.64 FA 1978
  10/03/92 onwards 100% s.73 & Sch 14 FA (No 2) 1992
Minority Holdings 27/10/77 - 14/03/83 20%  
in excess of 25% of 15/03/83 - 16/03/87 30%  
company’s voting 17/03/87 - 09/03/92 50% ss.104 & 105 IHTA 1984
share capital 10/03/92 onwards 100% amended by s.58 & paras 4 & 5 of Sch 8 FA 1987
Minority Holdings 27/10/77 - 14/03/83 20% s.64 FA 1978
carrying 15/03/83 - 09/03/92 30% s.10 FA (No. 2) 1983
less than 25% of company’s 10/03/92 - 05/04/96 50% s.73 & Sch 14 FA (No 2) 1992
voting share capital 06/04/96 onwards 100% s.184(2) FA 1996
U.S.M. Companies Relief withdrawn as from 17/03/87 0% ss.104 & 105 IHTA 1984 / amended by s.58 & paras 4 & 5 of Sch 8 FA 1987
U.S.M. / A.I.M. / OFEX & Rule 4(2) Companies 10/03/92 onwards   as for minority holdings of less than 25% of voting ISC