| 释义 |
business property relief
business property relief a relief from INHERITANCE TAX on lifetime and death transfers of most forms of business property.Business Property Relief
Business Property ReliefIn the United Kingdom, the reduction or elimination of inheritance tax on the transfer of some types of property used for business purposes. For example, shares in unquoted companies in which the transferor had majority control are not subject to an inheritance tax because of business property relief. Likewise, land and machinery used primarily for a business before the transfer are taxed at half the ordinary rate. |