Business Property Relief
January 30th, 2008Care needs to be taken when advising in relation to lifetime gifts of assets qualifying for BPR. It is often necessary to consider the circumstances of the transferee.
The reason is that, should the transferor die within 7 years of the gift, it is necessary to consider whether or not the relief continues to apply. If not the value of the gift will be brought back into the charge to IHT.
For more information please visit Source Independent Financial Advisers
