Agricultural property relief
You'll learn how agricultural property relief (APR) works and when it applies to farm assets, land, and farming company shares.
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In this lesson
- 0:00 Agricultural property relief overview
- 0:16 Qualifying assets and ownership requirements
- 0:45 Interaction between APR and BPR
- 1:54 Worked example: Calculating chargeable lifetime transfer
About this lesson
This video covers the qualifying assets that receive 100% relief, the ownership periods required (typically two years for active farmers, seven years for landlords), and how APR interacts with business property relief (BPR) in inheritance tax planning. You'll see a practical example of calculating a chargeable lifetime transfer when both reliefs apply, ensuring you can identify and claim all available reliefs in exam questions. This is essential knowledge for the Taxation module, where relief planning directly impacts your client's tax liability.
Duration: 3m
Transcript
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