BPR
Britishabbreviation
"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012Example Sentences
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BPR can include a farm's machinery and livestock, which can also make up a significant proportion of the value of an agricultural estate.
From BBC
It is true that both APR and BPR relief will be capped at a combined £1m for inheritance tax purposes, meaning a single estate will be able to claim no more than £1m in these combined reliefs.
From BBC
Farming groups have claimed that farmers often also use BPR so any calculation of the impact of the tax changes based solely on APR claims will not capture the full effect on farming estates.
From BBC
These figures suggest that while taking BPR into account as well as APR does push up the number and proportion of estates likely to be affected, it does not fundamentally change the picture.
From BBC
The data shows that in 2021-22 the number of estates making combined APR and BPR claims where the value of the estate was more than £1.5m was 383, or 22% of all claims.
From BBC
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