We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

When does cash qualify for BPR?

Options

I am aware that a time limit of three years applies to the reinvestment of proceeds into a qualifying BPR asset with BPR continuity, following the sale of an asset that qualified for BPR in the hands of the vendor.  My presumption to date has been that if the proceeds are held in cash form, an IhT event such as the death of the vendor will trigger a valid charge to IhT as far as the proceeds are concerned.  In other words, although the BPR status could be reestablished by reinvestment into a qualifying asset, should the vendor die before that has been accomplished, the cash proceeds would not qualify for BPR. That seems entirely logical to me, but an investment manager contact maintains that the cash continues to qualify for BPR.  An answer citing the relevant piece of legislation to settle this issue would be much appreciated.


Comments

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.