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AI Summary of 126. Business relief.

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 23 January 1997 - onwards
Version 4 of 4

126. Business relief.

Where the whole or part of the taxable value 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 shall, subject to the other provisions of this Chapter, be treated as being reduced by 90 per cent.