I just wanted to clarify that assets subject to 100% business property relief are not included when calculating the baseline amount for the reduced rate of IHT.
Samir Hussain
Gregsons
I just wanted to clarify that assets subject to 100% business property relief are not included when calculating the baseline amount for the reduced rate of IHT.
Samir Hussain
Gregsons
The value included in determining the “baseline amount” is net of BPR [IHTA 1984 Sch 1A paras 5 and 6].
Malcolm Finney