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Where Taxpayers and Advisers Meet

BPR Replacement Property Relief - need to be claimed?

jokerman
Posts: 11
Joined: Fri Dec 22, 2017 9:26 pm

BPR Replacement Property Relief - need to be claimed?

Postby jokerman » Thu Jan 02, 2020 1:02 pm

Hi -Hoping somebody can help. If I have sold BPR-qualifying assets, and have used some of the proceeds to buy new BPR-qualifying assets, do I need to notfy HMRC or submit any kind of claim to ensure that the investments are IHT-free immediately under the replacement property relief rules?

Thanks.

AGoodman
Posts: 1043
Joined: Fri May 16, 2014 3:47 pm

Re: BPR Replacement Property Relief - need to be claimed?

Postby AGoodman » Thu Jan 02, 2020 3:31 pm

No - only when you need to claim the relief. Keep records because if it were claimed, it would be your executors doing it.


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