On farms, business property can include items such as buildings and machinery
The cost of business property relief claims at death, by asset size qualifying for relief, 2020-1
Number of claims
Estimated tax cost to exchequer, £m
0
1,000
2,000
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
£0m
200
400
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
Number of claims
Estimated tax cost to exchequer, £m
0
1,000
2,000
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
£0m
200
400
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
Number of claims
Estimated tax cost to exchequer, £m
0
1,000
2,000
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
£0m
200
400
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m
Number of claims
Estimated tax cost to exchequer, £m
£0m
200
400
0
1,000
2,000
£0 - 250,000
250,000 - 500,000
500,000 - 1m
1m - 2.5m
£2.5m - £5m
More than £5m