IHTM14832 - Associated operations: transfers involving relievable property

A transfer of property that qualifies for agricultural or business relief may be followed by an event which, if it had occurred before the transfer, would have made the relief unavailable.

Examples

• Property entitled to agricultural relief is transferred and then sold by the transferee.

or

• A transfer of unquoted shares/ securities eligible for business relief is followed by the shares becoming quoted on a recognised stock exchange ( IHTM18061), or being listed on the USM ( IHTM18339).

One of the points you must consider in such situations is whether you can deny relief, which is otherwise available, by reference to the associated operations provisions.

You can find further guidance in the separate

• agricultural relief ( IHTM24171) and
• business relief ( IHTM25131)

sections of the manual.