A guide to what Business Property Relief is, when it can apply, and pitfalls and planning points.

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Sole traders

No BPR is given for land or buildings, machinery or plant used wholly or mainly for the purposes of a sole trader business.
BPR is given only for the transfer of the business as a whole

This is a pretty blunt statement. Is it...

Sole traders

No BPR is given for land or buildings, machinery or plant used wholly or mainly for the purposes of a sole trader business.
BPR is given only for the transfer of the business as a whole

This is a pretty blunt statement. Is it really the case that a building used in a hairdressing salon is not eligible for BPR unless the business vehicle was in the form of a partnership or owned by a limited company. That doesn't seem to make sense

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