INHERITANCE TAX Agricultural property relief* Vacant possession available within 24 months Landlords’ interest in let farmland - for new tenancies let after 31 August 1995
100% 50% 100%
Business property relief** Unincorporated business Unquoted shares in a trading company Assets used in controlled business
100% 100% 50%
* The property must be either; owned and occupied for agricultural purposes by the same person for at least two years prior to disposal, or, owned for at least seven years prior to disposal where occupied by someone else for agricultural purposes. ** Assets must be held for at least two years to qualify.
INVESTMENTS Enterprise investment scheme (EIS) Maximum investment for income tax relief in qualifying ‘knowledge intensive companies’ Maximum investment for income tax relief in qualifying non-knowledge intensive companies Rate of income tax relief
2022/23 £2,000,000
2021/22 £2,000,000
£1,000,000
£1,000,000
30%
30%
Seed enterprise investment scheme (SEIS) Maximum investment for income tax relief Rate of income tax relief
2022/23 £100,000 50%
2021/22 £100,000 50%
Venture capital trusts (VCT) Maximum investment for income tax relief Rate of income tax relief
2022/23 £200,000 30%
2021/22 £200,000 30%
Social investment tax relief (SITR) Maximum investment for income tax relief Rate of income tax relief
2022/23 £1,000,000 30%
2021/22 £1,000,000 30%
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