105 Relevant business property
Inheritance Tax Act 1984 (1984 c 51) | Legislation

105  Relevant business property

(1)     Subject to the following provisions of this section and to sections 106, 108, [ . . . ] 112(3) and 113 below, in this Chapter “relevant business property” means, in relation to any transfer of value,—

(a)     property consisting of a business or interest in a business;

(b)     . . . securities of a company which [are unquoted and which] (either by themselves or together with other [securities owned by the transferor and any unquoted shares so owned]) gave the transferor control of the company immediately before the transfer;

[[(bb)     any unquoted shares in a company;]

(c)     . . . ]

[(cc)     shares in or securities of a company which are quoted and which (either by themselves or together with other such shares or securities owned by the transferor) gave the transferor control of the company immediately before the transfer;]

(d)     any land or building, machinery or plant which, immediately before the transfer, was used wholly or mainly for the purposes of a business carried on by a company of which the transferor then had control

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