SolvedIHTM25500 | AR/BR 100% relief allowance: Section Overview
From HM Revenue & Customs · Inheritance Tax Manual
Finance Act 2026 Schedule 12 introduced a 100% relief allowance on the combined value of qualifying agricultural and/or business property and the following sections deal with how the 100% relief allowance applies in different circumstances:
IHTM25523 - AR/BR 100% relief allowance: individuals – apportionment – more than one chargeable transfer
IHTM25524 - AR/BR 100% relief allowance: individuals – apportionment – different titles of the estate on death
IHTM25532 - AR/BR 100% relief allowance: transfer of unused allowance- focus is on extent to which the 100% relief allowance is unused
IHTM25535 - AR/BR 100% relief allowance: transfer of unused allowance - claims by people other than the personal representatives
IHTM25537 - AR/BR 100% relief allowance: transfer of unused allowance - how the amount to be transferred is calculated
IHTM25538 - AR/BR 100% relief allowance: transfer of unused allowance - calculation where there is a lifetime transfer
IHTM25539 - AR/BR 100% relief allowance: transfer of unused allowance – calculation where the survivor has been married to more than one spouse or been in more than one civil partnership
IHTM25553 - AR/BR 100% relief allowance: settlements - transitional period - temporary relaxation of ownership and occupation conditions
IHTM25554 - AR/BR 100% relief allowance: settlements - special trusts (other than age 18-to-25 trusts)
Finance Act 2026 Schedule 12 also specified that certain categories of unlisted shares will now get relief at 50% and details can be found at: IHTM25570 - AR/BR: 50% rate – unlisted shares and securities
Finance Act 2026 Schedule 12 also made the instalment option available on property which qualifies for business relief and details can be found at: IHTM25580 - AR/BR 50% rate: instalment option