92 Business relief

Summary

This section provides that the taxable value of relevant business property is reduced by 90%.

Details

Where the whole or part of the taxable value (see note on section 28) of any taxable gift or taxable inheritance is attributable to the value of any relevant business property, the whole or that part of the taxable value will be treated as being reduced by 90%, subject to the other provisions of Chapter 2.

Relevant Date: Finance Act 2015