Property relief and its effect on inheritance tax for family homes

https://alpha-wiki.win/index.php/Property_relief_and_its_effect_on_inheritance_tax_for_family_homes

Property relief, often called Business or Agricultural Property Relief, can dramatically reduce the inheritance tax on a family home if it's used for a qualifying trade or farming. For example, if a family farmhouse is run as a business, the relief might cut the tax bill by 50% or even 100%, potentially saving hundreds of thousands. This ensures that working family assets can pass to the next generation without being sold off to pay tax.