Maximise Tax Efficiency with Business Relief
Maximising Inheritance Tax Efficiency with Business Relief
How Business Relief Works
100% Business Relief
Businesses that have been actively trading for more than two years can benefit from 100% Business Relief. This means that when shares in the business are passed on, no IHT is due, provided the business continues trading.
50% Business Relief
If you own property that your business operates from, but it is held as a separate entity, it may qualify for 50% Business Relief. This relief applies to assets used by the business but owned outside of it, reducing the IHT burden.
Non-Qualifying Businesses
Businesses focused solely on investment, such as property portfolios, generally do not qualify for Business Relief. It’s essential to ensure that your business structure is eligible for this valuable relief.
How to Use Business Relief to Protect Your Business from Inheritance Tax
How We Can Help
The Inheritance Planning Company can assist you in protecting your business from inheritance tax by setting up structures that preserve Business Relief. We offer:
Business Relief Trusts
By placing business assets into a Business Relief Trust, you can ensure that the value of the business is protected for future generations while allowing the surviving spouse or partner to access the assets during their lifetime.
Bespoke Succession Plans
We help create tailored succession plans that preserve control of the business for surviving shareholders and partners while ensuring your family receives the value of the shares tax-efficiently.
The Importance of Succession Planning
Contact us for a free consultation
Maximise the tax efficiency of your business with our expert guidance. Contact us today to learn more about how Business Relief can protect your business and your family’s financial future.
Need help preserving your business from inheritance tax? Contact us to explore how Business Relief can safeguard your legacy.