Business Relief and trusts - Octopus Investments
...Business Relief (previously called Business Property Relief or BPR) is a longstanding relief from inheritance tax (IHT). For suitable clients, it allows qualifying investments to be left to beneficiaries with relief from inheritance tax....
https://octopusinvestments.com/knowledge-base/whitepapers/business-relief-and-trusts/
Taxation of Business Property Relief assets within a trust
...Whilst there is no IHT ?entry? charge on the transfer of BPR assets into a trust, until the trustees satisfy the 2 year rule, starting with the date such assets are settled, BPR is not available....
https://trustsdiscussionforum.co.uk/t/taxation-of-business-property-relief-assets-within-a-trust/3541
Transferring Business Relief-Qualifying Assets (Extract from the ...
...Transfer into trust: When BR qualifying assets (having been held for at least two years by the settlor) are settled into a discretionary trust during the settlor?s lifetime, the potential lifetime charge to IHT (usually 20%) is reduced to zero....
https://intelligent-partnership.com/transferring-business-relief-qualifying-assets/
IHT business relief: Why trusts are important - BDO - bdoni.com
...Trusts created after 29 October 2024 Qualifying assets settled into trust in the transitional period from Budget Day up to 5 April 2026, with a value of over £1m, will not trigger an immediate charge to IHT, unlike trusts created from 6 April 2026 onwards....
https://www.bdoni.com/en-gb/insights/iht-business-relief-why-trusts-are-important
Business Relief and Trusts | Adviser Education Hub - Downing
...Trusts can be used to reduce potential IHT liabilities as well as controlling and protecting family assets. A Discretionary Trust is a legal arrangement where trustees have full discretion on how and when to distribute assets to beneficiaries....
https://www.downing.co.uk/education-hub-resources/business-relief-and-trusts
The five most common client scenarios for Business Relief
...Clients who have settled assets into trust A common estate planning strategy is to settle assets into a discretionary trust. While this allows the settlor to have control, they can be expensive and can take seven years to become exempt from inheritance tax....
https://www.triplepoint.co.uk/articles/the-five-most-common-client-scenarios-for-business-relief/bp552/
IHT business relief - abrdn
...There?s no IHT payable when qualifying business assets which attract 100% relief are transferred into a discretionary trust. This means that there is no need to limit the amount transferred to less than the available nil rate band to avoid a 20% lifetime IHT charge....
https://techzone.aberdeenadviser.com/public/iht-est-plan/IHT-business-relief-guide
Inheritance Tax: Business Property Relief - HaysMac
...A relief, known as Business Property Relief (BPR), reduces the value of the ?relevant business property? in the case of an IHT chargeable event, such as death, or the lifetime transfer of assets to a trust....
https://haysmac.com/insights/inheritance-tax-business-property-relief/
What is a Business Property Relief Trust and Why Use One?
...A business property relief trust is simply a discretionary trust that takes assets that qualify for BPR. This might only be assets that qualify for the 100% relief or may also include assets that qualify for the 50% relief....
https://www.willpack.co.uk/what-is-a-business-property-relief-trust-and-why-use-one/
Business relief assets into discretionary trust - The Trusts Discussion ...
...What implications are there if the settlor has held the BR assets for 2 years, places them into trust but then dies the year after. The trustees then sell the assets before they have held them for 2 years?...
https://trustsdiscussionforum.co.uk/t/business-relief-assets-into-discretionary-trust/15420