This is a freeview 'At a glance' guide to HMRC clearance and Business Property Relief.

Can I apply for an HMRC clearance that Business Property Relief will apply? How do I apply?

At a glance

A business owner can apply to HMRC to see whether Inheritance Tax (IHT) Business Property Relief (BPR) is potentially available in respect of business property. This is a non-statutory procedure and is only available in cases where there is material uncertainty as to the status of property.

Business owners are advised to seek advice before making a clearance application on the following types of property:

  • Property in mixed-use/mixed estates used for trade or business and investment activities.
  • Furnished Holiday Letting businesses.
  • Shares in holding companies of mixed activity groups.

For further information see:

Full details of HMRC's process are available here (link to HMRC).


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