SVM111290 - IHT Business Property Relief: Appendix 1 - Business Relief rates
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BUSINESS RELIEF RATES |
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No relief was available before 7 April 1976 |
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Effective dates |
Rate of relief |
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Control Holdings
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07/04/76 - 26/10/77 |
30% |
s.73 & Sch 10 FA 78 |
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27/10/77 - 09/03/92 |
50% |
s.64 FA 1978 |
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10/03/92 - 05/04/26 |
100% |
s.73 & Sch 14 FA (No 2) 1992 |
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06/04/26 onwards |
100% capped at £2.5 million and 50% thereafter |
Sch 12 FA 2026 |
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Minority Holdings in excess of 25% of company’s voting share capital |
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27/10/77 - 14/03/83 |
20% |
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15/03/83 - 16/03/87 |
30% |
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17/03/87 - 09/03/92 |
50% |
ss.104 & 105 IHTA 1984 |
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10/03/92 - 05/04/26 |
100% |
amended by s.58 & paras 4 & 5 of Sch 8 FA 1987 |
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06/04/26 onwards |
100% capped at £2.5 million and 50% thereafter
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Sch 12 FA 2026 |
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Minority Holdings carrying less than 25% of company’s voting share capital |
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27/10/77 - 14/03/83 |
20% |
s.64 FA 1978 |
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15/03/83 - 09/03/92 |
30% |
s.10 FA (No. 2) 1983 |
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10/03/92 - 05/04/96 |
50% |
s.73 & Sch 14 FA (No 2) 1992 |
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06/04/96 - 05/04/26 |
100% |
s.184(2) FA 1996 |
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06/04/26 onwards |
100% capped at £2.5 million and 50% thereafter |
Sch 12 FA 2026 |
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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Relief withdrawn as from 17/03/87 |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 |
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U.S.M. / A.I.M. / OFEX & Rule 4(2) Companies |
10/03/92- 05/04/26 |
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as for minority holdings of less than 25% of voting ISC |
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Shares listed on a market that is not recognised as ‘listed’ for HMRC purposes, e.g A.I.M, or a foreign stock exchange |
06/04/26 |
50% |
Sch12 FA 2026 |
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