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Where Taxpayers and Advisers Meet

Trusts & Business Relief Replacement Property

Andrew01
Posts:26
Joined:Wed Aug 06, 2008 3:27 pm
Trusts & Business Relief Replacement Property

Postby Andrew01 » Thu Mar 24, 2022 1:45 am

Hello IHT and Trust forum

Can a Trust benefit from IHT relief like an individual by utilizing Business Relief Replacement Property?

So the Trustees could sell a BR qualifying asset and if the proceeds of this sale are then used to buy another BR asset within 3 years the BR can be maintained.

thank you in advance
Andrew

AGoodman
Posts:1450
Joined:Fri May 16, 2014 3:47 pm

Re: Trusts & Business Relief Replacement Property

Postby AGoodman » Thu Mar 24, 2022 12:25 pm

Business property relief? Yes


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