Lifetime chargeable transfers at half the death rate, ie 20%.
Business property relief of 100% for all shareholdings in qualifying unquoted trading companies and for most unincorporated trading businesses; agricultural property relief at 100% for qualifying holdings of agricultural land.
Annual exemption for lifetime gifts £3,000.
Small gifts - annual amount per donee £250.
Reduced tax charge on transfers within 7 years of death
Years before death
Percentage of death rates
0 - 3
100%
3 - 4
80%
4 - 5
60%
5 - 6
40%
6 - 7
20%
Over 7
NIL
Turpin Lucas Lee's is the holding name of TLL Accountants LTD. A company resistered in England
no: 5410603