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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 Circumstances in which relief can be withdrawn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?

Minimum ownership period of business property

The person making the gift or inheritance must have owned the relevant business property for a continuous period of at least:

  • in the case of an inheritance, which is taken on the death of the disponer, two years immediately prior to the date of the inheritance
  • or
  • in any other case, five years immediately prior to the date of the gift or inheritance.

The minimum ownership requirement can be partially met if that property was owned by either:

  • the person's spouse or civil partner
  • or
  • a trustee.

Next: Circumstances in which relief can be withdrawn

Published: 19 June 2023 Print this page

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