ÀÏ˾»úÎçÒ¹¸£Àû

BPR ― application to groups of companies

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance

BPR ― application to groups of companies

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance
imgtext

This guidance note explains how BPR applies to holding companies and to groups of companies. Without special provision, a holding company would not qualify for BPR as it is not in its own right a trading company and this guidance note covers how and when a holding company will qualify. It also considers the approach to be taken to a group scenario when assessing the BPR status of a shareholding. This covers the assessment of the trading status of the group first and then of each individual subsidiary. If a subsidiary is not a trading company in its own right then its value is disregarded. It consolidates and links to the guidance in this area, much of which is included in various correspondence between HMRC and the professional bodies.

Basic principles

Unquoted shares, quoted shares or securities from a controlling holding or unquoted securities from a controlling holding fall into the categories of property which can qualify for BPR. See the BPR ― relevant business property guidance note for further information.

However,

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Class 4 national insurance contributions

Class 4 national insurance contributionsWhat is Class 4 NIC?Class 2 and Class 4 national insurance contributions (NIC) are paid by self-employed individuals and partners in a partnership on their profits arising within the UK. This guidance note considers Class 4 contributions. For Class 2

14 Jul 2020 11:13 | Produced by Tolley Read more Read more

Class 1 v Class 1A

Class 1 v Class 1AClass 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met

Read more Read more

Payments to trust beneficiaries

Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not

14 Jul 2020 12:52 | Produced by Tolley Read more Read more