Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Inheritance Tax Act 1984 section 162B
Liabilities attributable to financing certain relievable property
Section 162B requires that where a person has borrowed money to acquire, maintain or enhance property qualifying for business property relief, agricultural property relief or woodlands relief, the debt must first be set against the relievable property value before any relief is applied, thereby reducing the amount of relief available.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.