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SVM111290 | IHT Business Property Relief: Appendix 1 - Business Relief rates

From HM Revenue & Customs · Shares and Assets Valuation Manual

BUSINESS RELIEF RATES
No relief was available before 7 April 1976
Effective datesRate of relief
Control Holdings
07/04/76 - 26/10/7730%s.73 & Sch 10 FA 78
27/10/77 - 09/03/9250%s.64 FA 1978
10/03/92 - 05/04/26100%s.73 & Sch 14 FA (No 2) 1992
06/04/26 onwards100% capped at £2.5 million and 50% thereafterSch 12 FA 2026
Minority Holdings in excess of 25% of company’s voting share capital
27/10/77 - 14/03/8320%
15/03/83 - 16/03/8730%
17/03/87 - 09/03/9250%ss.104 & 105 IHTA 1984
10/03/92 - 05/04/26100%amended by s.58 & paras 4 & 5 of Sch 8 FA 1987
06/04/26 onwards100% capped at £2.5 million and 50% thereafterSch 12 FA 2026
Minority Holdings carrying less than 25% of company’s voting share capital
27/10/77 - 14/03/8320%s.64 FA 1978
15/03/83 - 09/03/9230%s.10 FA (No. 2) 1983
10/03/92 - 05/04/9650%s.73 & Sch 14 FA (No 2) 1992
06/04/96 - 05/04/26100%s.184(2) FA 1996
06/04/26 onwards100% capped at £2.5 million and 50% thereafterSch 12 FA 2026
U.S.M. CompaniesRelief withdrawn as from 17/03/870%ss.104 & 105 IHTA 1984 / amended by s.58 & paras 4 & 5 of Sch 8 FA 1987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) Companies10/03/92- 05/04/26as for minority holdings of less than 25% of voting ISC
Shares listed on a market that is not recognised as ‘listed’ for HMRC purposes, e.g A.I.M, or a foreign stock exchange06/04/2650%Sch12 FA 2026