business property relief

Fin
in the United Kingdom, a reduction in the amount liable to inheritance tax on certain types of business property

The ultimate business dictionary. 2015.

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  • business property relief — (BPR) England, Wales A relief from inheritance tax. When the conditions for the relief are met, it reduces the open market value of any transfers of value (transfer of value) (broadly, gifts) of relevant business property made in lifetime or on… …   Law dictionary

  • business property relief — An inheritance tax relief available on certain types of business property. For an interest in an unlisted business, including a partnership share, the relief is 100%. Land or buildings owned and used in a company under the control of the donor,… …   Accounting dictionary

  • business property relief — An inheritance tax relief available on certain types of business property. For an interest in an unlisted business, including a partnership share, the relief is 100%. Land or buildings owned and used in a company under the control of the donor,… …   Big dictionary of business and management

  • Business rates in England and Wales — This article is about Business rates in England and Wales. For Scotland, see Business rates in Scotland. Taxation in the United Kingdom This article is part of the series: Politics and government of the United Kingdom Central gover …   Wikipedia

  • Business rates in Scotland — Business rates is the commonly used name of rates in Scotland, a tax on occupation of non domestic property. Rates are a property tax used to fund local services that dates back to the Poor Law.HistoryThe Poor Law introduced in Scotland in 1579… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… …   Universalium

  • Business Contract Hire — Contract hire is a term used in the UK to describe a longer term (usually 2 years) RENTAL of a vehicle. There is a considerable industry the contract hire and leasing sector in the UK, with the largest current player being LEX a wholly owned… …   Wikipedia

  • tax relief — ➔ relief * * * tax relief UK US noun [U] TAX, FINANCE, ACCOUNTING ► a reduction in the amount of tax that has to be paid: tax relief on sth »Companies can claim tax relief on donations to charity. qualify/be eligible for tax relief »Investors are …   Financial and business terms

  • Debt Relief Order — Chapter 4 of the Tribunals Courts and Enforcement Act 2007 introduced Debt Relief Orders as a new form of bankruptcy in the United Kingdom. A DRO will be a simplified, quicker and cheaper alternative to bankruptcy in the United Kingdom, suitable… …   Wikipedia

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