# Inheritance Tax Act 1984, Section 106: Minimum period of ownership.


Property is not relevant business property in relation to a transfer of value unless it was owned by the transferor throughout the two years immediately preceding the transfer.

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Source: https://www.legislation.gov.uk/ukpga/1984/51/section/106 (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/section-106
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.