Home   Gains, gifts and inheritances  

Business Relief

  1. Overview
  2. What are the conditions for Business Relief?
  3. What is relevant business property?
  4. Businesses which do not qualify for relief
  5. How do you calculate the relief amount?
  6. Minimum ownership period of business property
  7. Circumstances in which relief can be withdrawn
  8. How do you claim Business Relief?

Businesses which do not qualify for relief

Businesses which deal wholly, or mainly, in one or more of the following do not qualify for this relief:

  • currencies
  • securities
  • stocks or shares
  • land or buildings
  • making or holding investments.

Assets or property known as ‘excepted assets’ cannot be included in the calculation of Business Relief.

Next: How do you calculate the relief amount?

Published: 19 June 2023 Print this page

Back to homepage Back to top