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
- 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
- a trustee.
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