Agricultural property relief (APR)

A relief from inheritance tax ( www.practicallaw.com/3-382-5648) . When the conditions for the relief are met, it reduces the agricultural value of any transfers of value  ( www.practicallaw.com/2-382-5979) (broadly, gifts) of agricultural property made in a person's lifetime or on death. The rate of relief is usually 100% of the agricultural value, except for agricultural property subject to a tenancy that commenced before 1 September 1995; in this case 50% relief usually applies (although there are some exceptions).

For more information, see Practice note, Inheritance tax agricultural property relief: overview ( www.practicallaw.com/9-383-4485) .

See also business property relief ( www.practicallaw.com/2-383-4498) .

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244948292", "objName" : "Agricultural property relief (APR)", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/0-383-5823?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "25e8a493e:15b0ad34546:-3b", "analyticsSessionCookie" : "25e8a493e:15b0ad34546:-3a", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }