Circumstances in which relief can be withdrawn
Relief on relevant business property can be fully or partially withdrawn if:
- the business ceases to trade within six years of the date of the gift or inheritance
- the relevant business property is sold, redeemed or compulsorily acquired within six years of the date of the gift or inheritance. If this property is replaced within one year, the relief will not be withdrawn.
- the relevant business property comprises development land and is disposed of within ten years of the date of the gift or inheritance.
Relief will not be withdrawn where a business ceases trading because of bankruptcy or winding-up on the grounds of insolvency.
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