Business Property Relief & Estate Planning - A Review of Key Principles

Introduction

The webinar will consider the rules affecting the availability of Business Property Relief ('BPR').

It will explain the differences in the relief for direct business interests held, such as sole traders or partnerships, compared to shares held in qualifying trading companies. It will also consider the relief for lifetime gifts and on death.

Find out:

• What is BPR?
• What ongoing reviews must be undertaken to maximise the relief available?
• What restrictions may apply
• What pitfalls apply in group corporate structures and how can they be avoided?
• What happens if the property is gifted and subsequently sold within seven years of death?

What You Will Learn

This webinar will cover the following:

• The different rules affecting sole traders, partnerships and companies
• How BPR can help with lifetime planning and estate planning for the surviving spouse to effectively double the tax relief available
• The various extensions to the relief even where the asset has not been held for the required two year period
• How careful structuring of group companies can result in 100% relief, rather than no relief at all

This webinar was recorded on 25th April 2017