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Where Taxpayers and Advisers Meet

BPR Replacement Property (IHTA s107)

adamh
Posts:34
Joined:Thu Aug 16, 2012 1:45 am
BPR Replacement Property (IHTA s107)

Postby adamh » Tue Oct 20, 2020 1:53 pm

I have recently had an EIS company exit meaning that around £100k of (two-year qualified) BPR is now in cash.

I would like to reinvest in some BPR as soon as possible to preserve the IHT protection should I pop my clogs at any moment. My questions are:

1) Is it necessary to reinvest the entire proceeds (i.e. all £100k) or can I hold some back as spending money?
2) Is it necessary to reinvest the entire proceeds in one single company or can I split it across several companies?

Thanks,
Adam

AGoodman
Posts:1738
Joined:Fri May 16, 2014 3:47 pm

Re: BPR Replacement Property (IHTA s107)

Postby AGoodman » Tue Oct 27, 2020 1:53 pm

Both are fine. Obviously only the cash you reinvest will benefit from BPR. If investing in different things, make sure you keep a track of the funds as it can quickly become difficult to follow.


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