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Inheritance tax business property relief: regulations

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The Inheritance Tax (Market Makers and Discount Houses) Regulations, SI 2012/2903, extend business property relief to businesses carrying on the business of a market maker, within the definition given by the Markets in Financial Instruments Directive (2004/39/EC), in a regulated market of a European Economic Area member state. They make similar provision in relation to interest on instalments in relation to companies, and insert new provisions into IHTA 1984.

Issue: 1149
Categories: News , IHT , Private client taxes